Premier League clubs will discuss a deferral of wages to players across the board when they meet next week.
All 20 top-flight clubs are due to meet to discuss their course of action in response to the coronavirus pandemic, with football across the Premier League and EFL suspended until April 30th at the earliest.
It is expected that an extension to that date will be announced in the coming weeks and the financial pressure upon the clubs will increase due to the absence of football fixtures, with the impact already being felt in the lower leagues.
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In the Championship, Birmingham City and Leeds United have both announced wage deferrals this week, while in Europe Barcelona and Borussia Dortmund have confirmed similar action, with Juventus in discussions to follow suit – and the Financial Times report that at least 10 of Europe’s top 12 clubs are currently discussing such measures.
The ‘big six’, consisting of Manchester United, Manchester City, Liverpool, Arsenal, Tottenham and Chelsea, are said not to have initiated the talks but they are likely to agree to a collective measure that would support more of the hard-pressed clubs.
Consultancy KPMG has predicted the ‘Big Five’ football leagues in England, Spain, Germany, France and Italy face a hit of almost €4billion (£3.59billion) from lost match day, broadcasting and sponsorship revenues if the remaining games in their seasons are not completed.
The Premier League intends to complete the season by extending the campaign into the summer months but, due to the uncertainty of how long the COVID-19 crisis will last, it is unclear on how the new schedule would look.
Earlier this week, non-league levels of football below the National League had their seasons become null and void, with it reported that the National League, which sets directly below the EFL, could follow suit.