Newcastle become first Premier League club to stop paying staff

Newcastle become first Premier League club to stop paying staff

- Mike Ashley has for months been poised to sell the club amid interest from a Saudi Arabla wealth fund

- The club will now send non-first team staff home as the effects of the coronavirus rage on

- Newcastle is estimated to be losing for every home match missed from cancellation of football

Newcastle owner Mike Ashley is set to become the first Premier League owner to hand his staff a compulsory leave as the effects of the coronavirus pandemic continue to bite.

Reports from SunSport indicate that all non-first team staff are set to be axed from payroll barely three weeks into the coronavirus pandemic which has rendered the football world crippled.

Newcastle become first Premier League club to stop paying staff

Newcastle owner Mike Ashley might have to lower his asking price for the club if he is willing to sell it fast. Photo: Getty Images
Source: UGC

An official email from Managing director Lee Charnleyhas been sent to staff requesting them to apply to the government’s coronavirus job retention scheme.

Doing so would allow majority of workers to claim up to 80% of their wages.

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The move is set to adversely affect academy coaches and scouts, while players and first team coaches remain safe, for now.

The Newcastle chief spoke on the incident where he justified the move as a very necessary one since Newcastle, like every other Premier League club, were incurring heavy losses due to lack of home matches.

It is estimated the Newcastle has lost at least £1m in home tickets since the cancellation of matches in early March.

Notably, the coronavirus and its economical effects come at a time Mike Ashley was listening to bids as he sought to sell the club.

Based on how things are panning out, the billionaire may be forced to lower his asking price as a Saudi Arabia’s sovereign wealth fund has expressed genuine interest in a takeover

Earlier, Legit.ng had reported how American boxing legend Floyd Mayweather decided to take the gathering of his assets to another level after declaring interest in buying Premier League side Newcastle United.

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For the past few years, current owner of Newcastle United Mike Ashley has been reported to be interested in selling the club, and he may have gotten a buyer now.

According to the report on Sportbible which was also reported on Daily Mail, Floyd Mayweather explained in a question and answer segment that he is interested in Newcastle United.

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Source: Legit

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