This archive report was first published on 10 June 2020.
As the Premier League prepares to resume on June 21, Everton has announced that manager Carlo Ancelotti and several first-team players have agreed to take wage deferrals during the coronavirus shutdown.
According to an email sent to fans, chief executive Denise Barrett-Baxendale revealed that Ancelotti and his backroom staff have taken voluntary cuts and deferrals of up to 30% of their salaries since mid-March.
A number of first-team players have also agreed to their own voluntary deferrals, with some accepting cuts of up to 50% of their pay packets for the next three months.
"Everyone taking reductions and deferrals has volunteered to do so," said Barrett-Baxendale.
"On behalf of the board and, I am sure, every Evertonian -- I would like to express my sincere thanks to every single one of them for demonstrating such integrity and honour in helping the Everton family through this challenging time," she added.
Everton's financial struggles have been well-documented, with the club posting a £111.8 million loss for the 2018/19 season.
Despite this, Ancelotti was lured to Merseyside in December on a lucrative four-and-a-half year deal.
With the season set to resume, the Merseyside derby against Liverpool on June 21 could be a crucial match, with Jurgen Klopp's men potentially sealing the title against their local rivals.
However, the fixture could yet be moved to a neutral venue to ensure no fans turn up outside the ground, with the safety advisory group of Liverpool City Council set to provide a decision on Wednesday.
