Sunderland chairman Niall Quinn has told press that his players will take a minimum wage cut of 40% should the Black Cats face relegation to the Coca-Cola Championship at the end of the season, according to BBC Sport.
Sunderland currently lie 3 points of the relegation zone with 9 games left of the Premier League season and Quinn has been quick to secure the clubs financial future should the worst happen in May.
We’ve secured minimum wage cuts of 40% on every player and every contract,” Quinn told BBC Radio 5 Live. “Obviously some players won’t come down with us, and their agents won’t let them, but for us as a business it wouldn’t be catastrophic.”
He added: “It would be catastrophic for morale and fans, but we’d still be in better shape than when we took over.”
Quinn also revealed that he has faith in manager Ricky Sbragia after he was quoted as calling Sbragia “a halfway-house option”.
The former Republic of Ireland international told press: “I meant I didn’t want to give him six months and say you’re under pressure to keep us up.
“I also didn’t want to give him three-and-a-half years and face a possible compensation payout if things didn’t go right for us. That was a tough decision, but I was convinced at the time it was the right one. Time will tell whether it was or not.”
“It’s my preference that he keeps us up and we extend the contract,” said Quinn.
“We’re thrilled with what he’s done up until now. It was an enormous task we gave him. He brought the calmness we needed, got players believing in themselves again and made real progress.”
Source: BBC Sport
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