Struggling football club Brondby to cut wages by 25 per cent
COPENHAGEN (REUTERS) - Brondby have announced that wages at the Copenhagen football club are to be cut by 25 per cent across the board.
"We hope and believe that all employees will agree to this as it is the key to securing the short- and long-term capital and liquidity and the continuation of the club," chief executive Tommy Hakansson said in a statement on Tuesday.
An initial 10 per cent wage cut is to be implemented immediately, with a further 15 per cent coming in three months.
Brondby, who boast Swansea City manager Michael Laudrup and ex-Manchester United goalkeeper Peter Schmeichel among their former players, are bottom of Denmark's top flight with 17 points from 20 matches.