The financial impact of the COVID-19 pandemic could mean a decrease in market value of players when the transfer window reopens but Southampton is prepared for all eventualities, manager Ralph Hasenhuettl said.
Professional soccer has been suspended indefinitely across Europe since last month but countries and leagues are now planning for a return to training and competition without fans in attendance in May or June when restrictions are relaxed.
With nine rounds left to be played in the Premier League, the season will spill over into June and possibly July, when the traditional off-season transfer window opens and the Austrian boss said the window could be shorter this year as a result.
“We are prepared, we know that it will be an interesting transfer window, maybe a shorter one,” Hasenhuettl told the Daily Echo.
“The surroundings are also changing because the values for the players will go down I think. “We can’t say what impact this will have on the transfer market, but we are prepared for it and we have the time now to get in contact with everybody. “The good thing is that we all know it will start again and that, step-by-step, we will come back to normality again.
Therefore, you have to be prepared and to use this time now is absolutely helpful.”
Tottenham Hotspur defender Jan Vertonghen said free agents will be coveted more during when the window opens as clubs look to rebound from the financial crisis.
Meanwhile, Manchester United chief executive Ed Woodward said clubs will not spend “hundreds of millions” on new signings but Hasenhuettl said clubs desperate for new recruits could spend more.
“You have to remember that the players we want to sell will also be worth less money. It has an impact on every club,” the 52-year-old added.
“In the end, when the transfers are starting, and you have some issues, you will do everything to get the player you want. I don’t see the prices dropping that far but the selection would be a more critical one and, therefore, you have to be prepared.”
Players agree to salary cuts due to coronavirus pandemic:
The Australian Football League (AFL), has been forced to agree to pay cuts with the players who would usually be playing in front of huge crowds at this stage of the Australian autumn.
In a deal struck with the union on Friday, the Australian rules players, whose season was stopped after only one round of matches, have agreed to a 50 to 70% reduction in payments depending on how long the suspension continues.
“The players always understood the gravity of the situation and have agreed to take significant pay cuts to ensure we can keep the industry going,” says AFL Gillon McLachlan.
And on Saturday, netball players in the Super Netball league agreed to a two-week holiday from Monday followed by active rest for three weeks at a 70% reduction in pay.
Leverkusen players agree on salary cut
Bayer Leverkusen players, staff and management on Wednesday unanimously agreed to accept an unspecified pay cut as the Bundesliga remains suspended amid the coronavirus pandemic.
Bundesliga rivals Hoffenheim later followed suit, with club bosses saying success for the small club in recent years had created a cushion and it was now time to give something back.
Hoffenheim are financially supported by billionaire major investor Dietmar Hopp.
Leverkusen captain Lars Bender said discussions had taken place in the last few weeks and on Tuesday they reached an agreement.
The two clubs join several others in the Bundesliga to have agreed pay cuts, including Borussia Moenchengladbach and Schalke 04.
“The (Leverkusen) team is ready to waive part of the salaries in order to support the club in its efforts to financially overcome the corona crisis,” Bender said in a club statement following a makeshift training session where players trained only in pairs.
