This archive report was first published on 10 June 2020.
On June 10, 2020, Everton Football Club announced that manager Carlo Ancelotti and several first-team players had agreed to take voluntary wage deferrals of up to 50% during the COVID-19 pandemic.
The decision was made to help the club navigate the financial challenges posed by the pandemic, which has resulted in a significant loss of revenue.
Everton's chief executive, Denise Barrett-Baxendale, expressed her gratitude to the players and staff who have volunteered to take the wage deferrals, stating that they have demonstrated 'integrity and honour' in helping the club through this challenging time.
The club's financial struggles are well-documented, with a £111.8 million loss reported for the 2018/19 season, the worst in the Premier League.
Despite these challenges, Everton's season is set to resume on June 21 with the Merseyside derby against Liverpool, with the potential for the title to be decided in the match.
