Shares in Italian football giants Juventus surged Monday after the club’s decision to cut their players’ salaries in the midst of the coronavirus pandemic. The Serie A champions announced on Saturday that they had cut their players’ and coach Maurizio Sarri’s salaries from March until June after all Italian sport was suspended. The club’s shares rose by 7.94 percent on the Milan Stock Exchange early Monday in a market that has taken a major hit from the coronavirus crisis. Juventus’ highly-paid stars include five-time Ballon d’Or winner Cristiano Ronaldo and Wales midfielder Aaron Ramsey, who joined from Arsenal on a free transfer last year. “The economic and financial effects of the understanding reached are positive for about 90 million euros ($100.5 million) for the 2019/2020 financial year,” the club had said in a statement.
