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Iwobi set for 50% pay cut at Everton

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Super Eagles midfielder, Alex Iwobi and his team-mates at English Premier League side, Everton are all set to take a 50 per cent pay-cut.

Everton’s squad have voluntarily taken pay deferrals up to 50 per cent for the next three months in a step to protect the club’s long-term finances.

In an email to supporters sent out on Tuesday night, Denise Barrett-Baxendale, Everton’s Chief Executive, explained the process behind the decision and revealed that talks with the players have been ongoing since the coronavirus pandemic shut football down temporarily.

“The first team squad have now voluntarily agreed to deferrals of up to 50 per cent for the next three months. Everyone who has taken these reductions and deferrals have done so in the spirit of the club and I would like to express my thanks to them for demonstrating such Integrity,” Barret-Baxendale said.

Carlo Ancelotti, Everton’s manager, and the rest of his staff immediately agreed to take 30 per cent reductions in their salaries; as did other leading figures within the club such as Marcel Brands, the Director of Football, and Chief Executive, Barret-Baxendale.

Iwobi joined Everton from Arsenal last summer in a deal worth €40 million.

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