Southampton have become the first Premier League club to agree to wage deferrals as a result of the Covid-19 outbreak.
Manager Ralph Hasenhuttl and the entire Saints squad are among high earners at St Mary’s who will defer part of their salaries for April, May and June as part of their attempts to deal with the financial fallout from the pandemic.
The Southampton players have led the way in England’s top flight in taking a temporary reduction in their own pay to protect jobs at the Hampshire club while directors, led by CEO Martin Semmens, and Hasenhuttl’s backroom staff will also be deferring part of their wages.
Southampton have confirmed they will not furlough staff using the government’s Coronavirus Job Retention Scheme in April, May or June, with their owners guaranteeing that lower-paid employees will continue to receive all of their salaries.
Newcastle, Tottenham, Norwich and Bournemouth have already furloughed some off-field staff while Liverpool reversed their decision to do so after a backlash from supporters and former players.
While other clubs, including Manchester City and Manchester United, have said they will not furlough staff, Southampton's move is likely to lead to pay cuts or wage deferrals among players at other clubs, with talks having taken place at some of their rivals.
The Premier League had called for players to take 30 per cent pay cuts last week, which the Professional Footballers’ Association (PFA) was resisting.
The game is facing two different scenarios, which would result in different levels of damage to clubs. If the season is completed behind closed doors, it would leave a hole in their budgets from the loss of matchday revenue – in Southampton’s case, for their four remaining home games.
But Premier League chief executive Richard Masters has warned Coronavirus could cost the division at least £1 billion (Dh4.56bn) if the season is not completed, with domestic and overseas broadcasters owed about £750 million.
Bournemouth are the most dependent on television revenue, which accounts for 88 per cent of their income, while Burnley chairman Mike Garlick warned his club could lose £50m if the season is not completed.
Masters said in a letter to the parliamentary select committee for digital, culture, media and sport: “We face a £1 billion loss, at least, if we fail to complete season 2019-20 and further losses going forward if the seriousness of the pandemic deepens and extends into the future.
“Ultimately, the very heavy losses that we face will have to be dealt with or else clubs and other enterprises who depend on football for income will go out of business. It is a very real threat."
Southampton’s financial results had already presented cause for concern. They made a £34m loss in 2018-19, when wages accounted for 77 per cent of their turnover of £149.6m. With 34 points, they were on course to stay up when football was halted.
The club said: “The board of directors, the first-team manager, his coaching staff and the first-team squad have agreed to defer part of their salaries for the months of April, May and June to help protect the future of the club, the staff that work within it and the community we serve.”
Separately, on Wednesday, Premier League captains agreed to form a charitable fund, called #PlayersTogether, to raise funds for Britain's National Health Service. They are aiming to generate at least £4m.
Liverpool’s Jordan Henderson, Manchester United’s Harry Maguire, Watford’s Troy Deeney and West Ham’s Mark Noble will administer the fund.
Noble has also donated £35,000 to a community effort to get food and medicine to those in need in Basildon.
MEYDAN%20RACECARD
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UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
UAE players with central contracts
Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.
More on Quran memorisation:
The five pillars of Islam
Things Heard & Seen
Directed by: Shari Springer Berman, Robert Pulcini
Starring: Amanda Seyfried, James Norton
2/5
MATCH INFO
Uefa Champions League, last 16, first leg
Tottenham Hotspur v Borussia Dortmund, midnight (Thursday), BeIN Sports
UAE currency: the story behind the money in your pockets
The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
Results
5pm: Maiden (PA) Dh80,000 (Turf) 1,000mm, Winners: Mumayaza, Fabrice Veron (jockey), Eric Lemartinel (trainer)
5.30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 2,200m, Winners: Sharkh, Pat Cosgrave, Helal Al Alawi
6pm: The President’s Cup Prep - Conditions (PA) Dh100,000 (T) 2,200m, Winner: Somoud, Richard Mullen, Jean de Roualle
6.30pm: Handicap (PA) Dh90,000 (T) 1,600m, Winner: Harrab, Ryan Curatolo, Jean de Roualle
7pm: Abu Dhabi Equestrian Gold Cup - Prestige (PA) Dh125,000 (T) 1,600m, Winner: Hameem, Adrie de Vries, Abdallah Al Hammadi
7.30pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m, Winner: AF Alwajel, Tadhg O’Shea, Ernst Oertel
8pm: Maiden (TB) Dh80,000 (T) 1,400m, Winner: Nibras Passion, Bernardo Pinheiro, Ismail Mohammed
How to report a beggar
Abu Dhabi – Call 999 or 8002626 (Aman Service)
Dubai – Call 800243
Sharjah – Call 065632222
Ras Al Khaimah - Call 072053372
Ajman – Call 067401616
Umm Al Quwain – Call 999
Fujairah - Call 092051100 or 092224411
Get inspired
Here are a couple of Valentine’s Day food products that may or may not go the distance (but have got the internet talking anyway).
Sourdough sentiments: Marks & Spencer in the United Kingdom has introduced a slow-baked sourdough loaf dusted with flour to spell out I (heart) you, at £2 (Dh9.5). While it’s not available in the UAE, there’s nothing to stop you taking the idea and creating your own message of love, stencilled on breakfast-inbed toast.
Crisps playing cupid: Crisp company Tyrells has added a spicy addition to its range for Valentine’s Day. The brand describes the new honey and chilli flavour on Twitter as: “A tenderly bracing duo of the tantalising tingle of chilli with sweet and sticky honey. A helping hand to get your heart racing.” Again, not on sale here, but if you’re tempted you could certainly fashion your own flavour mix (spicy Cheetos and caramel popcorn, anyone?).
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Last 10 winners of African Footballer of the Year
2006: Didier Drogba (Chelsea and Ivory Coast)
2007: Frederic Kanoute (Sevilla and Mali)
2008: Emmanuel Adebayor (Arsenal and Togo)
2009: Didier Drogba (Chelsea and Ivory Coast)
2010: Samuel Eto’o (Inter Milan and Cameroon)
2011: Yaya Toure (Manchester City and Ivory Coast)
2012: Yaya Toure (Manchester City and Ivory Coast)
2013: Yaya Toure (Manchester City and Ivory Coast)
2014: Yaya Toure (Manchester City and Ivory Coast)
2015: Pierre-Emerick Aubameyang (Borussia Dortmund and Gabon)
2016: Riyad Mahrez (Leicester City and Algeria)
More on Quran memorisation:
Isle of Dogs
Director: Wes Anderson
Starring: Bryan Cranston, Liev Schreiber, Ed Norton, Greta Gerwig, Bill Murray, Jeff Goldblum, Scarlett Johansson
Three stars
Batti Gul Meter Chalu
Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.