Bournemouth manager Eddie Howe is the first Premier League manager to take a pay cut due to the coronavirus suspension.
Howe joins Bournemouth chief executive Neill Blake, first team technical director Richard Hughes, and assistant manager Jason Tindall in taking “significant, voluntary” pay cuts.
Howe is the longest-serving manager in the PL. He started with Bournemouth’s academy in 1994 and spent just a few short seasons away from home (Portsmouth and Swindon Town) during his playing career.
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The club has also furloughed employees throughout the organization. From a Bournemouth statement:
There is no script for moments like this. No tactics and no set plays to find a winning formula. But as a board we are continually looking at ways to ensure the future of the club and our employees is protected when the season returns.
We have also advised a number of staff across all areas of the club that they will be temporarily furloughed, as a result of the ongoing pandemic.
These measures have been taken to safeguard the financial stability of the club during what is such an uncertain period, not only in football but for businesses in all industries across the world.
Surely Howe won’t be the last during this uncertain time for clubs and businesses all over the world.