Society has been turned on its head by the global health crisis. We have all been told to stay indoors and twiddle our thumbs until this all blows over. Every corner of society has been impacted, even football. Thankfully, the latest government announcement should go someway to helping Liverpool still land their top targets.
The Premier League has been postponed until at least the end of April.
The league has also determined that this season will be extended indefinitely in order to ensure that it is fully completed.
In the meantime there are serious financial ramifications that teams will face. There is the loss of gate receipts to contend with, as well as scores of staff still dependent on the club for their wages.
With huge sums of money no longer coming in immediately (and potentially not at all if the season resumes behind closed doors) and wages still going out, the club’s transfer plans could have been curtailed.
Thankfully, the government has announced a job retention scheme which could be of massive benefit to the club.
The government has pledged to pay up to 80% of wages up to a salary of £30,000 per annum.
Whilst this is unlikely to go make a dent in the wages of playing staff, the scheme will go a long way to paying the salaries of various members of the non-playing staff.
By saving this money on wages when there’s less money coming in, the club could still be able to spend big in the transfer window without having to play catch up on debts incurred during the nationwide lockdown.
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