AGL 40.01 Decreased By ▼ -0.02 (-0.05%)
AIRLINK 128.00 Increased By ▲ 0.30 (0.23%)
BOP 6.68 Increased By ▲ 0.07 (1.06%)
CNERGY 4.48 Decreased By ▼ -0.12 (-2.61%)
DCL 8.95 Increased By ▲ 0.16 (1.82%)
DFML 41.56 Decreased By ▼ -0.02 (-0.05%)
DGKC 87.80 Increased By ▲ 2.01 (2.34%)
FCCL 32.80 Increased By ▲ 0.31 (0.95%)
FFBL 64.45 Increased By ▲ 0.42 (0.66%)
FFL 11.39 Increased By ▲ 0.84 (7.96%)
HUBC 111.38 Increased By ▲ 0.61 (0.55%)
HUMNL 14.76 Decreased By ▼ -0.31 (-2.06%)
KEL 5.03 Increased By ▲ 0.15 (3.07%)
KOSM 7.32 Decreased By ▼ -0.13 (-1.74%)
MLCF 41.05 Increased By ▲ 0.53 (1.31%)
NBP 61.44 Increased By ▲ 0.39 (0.64%)
OGDC 194.90 Increased By ▲ 0.03 (0.02%)
PAEL 27.50 Decreased By ▼ -0.01 (-0.04%)
PIBTL 7.77 Decreased By ▼ -0.04 (-0.51%)
PPL 153.00 Increased By ▲ 0.47 (0.31%)
PRL 26.61 Increased By ▲ 0.03 (0.11%)
PTC 16.15 Decreased By ▼ -0.11 (-0.68%)
SEARL 84.23 Increased By ▲ 0.09 (0.11%)
TELE 7.95 Decreased By ▼ -0.01 (-0.13%)
TOMCL 36.76 Increased By ▲ 0.16 (0.44%)
TPLP 8.82 Increased By ▲ 0.16 (1.85%)
TREET 17.09 Decreased By ▼ -0.57 (-3.23%)
TRG 57.40 Decreased By ▼ -1.22 (-2.08%)
UNITY 26.70 Decreased By ▼ -0.16 (-0.6%)
WTL 1.33 Decreased By ▼ -0.05 (-3.62%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,701 Increased By 509 (0.54%)
KSE30 29,424 Increased By 222.4 (0.76%)

Australia's most popular spectator sport, Aussie Rules, has struck a deal with players to slash wages by up to 70 percent to ensure the game can survive its coronavirus shutdown.
The Australian Football League (AFL), which draws crowds of 100,000 to top matches, was forced to suspend its season last weekend after just one round. It was a devastating blow for the sport similar to Ireland's Gaelic football, with officials calling it the most serious threat faced since a league was first established in 1896.
Staring at the loss of broadcast money, sponsorship, and ticket sales, players - some earning in excess of Aus$1 million (US$600,000) a season - late Friday agreed to savage pay cuts.
Under the deal agreed by the AFL and the players' association, they will receive 50 percent of their wages to the end of May and just 30 percent beyond that if games are postponed for longer.
Even if the season resumes, they will be paid just half of their normal salaries. AFL chief Gillon McLachlan said all stakeholders needed to share the pain to keep the sport alive, with hundreds of backroom staff already temporarily suspended or let go.
"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," he said. "This issue has been incredibly complex and fast-moving and we have been able to achieve in a couple of days what would normally take months."
AFL Players Association boss Paul Marsh said "we just had to find a solution to the problem; there are no winners". "We were able to get some certainty on what happens if we play, and also if we don't play. We will continue to deal with what is in front of us," he added.
The AFL has said games will resume before the end of May, with the government currently advising against all "non-essential" domestic travel. Rugby league and rugby union are both locked in similar crisis talks on how to weather the coronavirus storm, with decisions on pay cuts and potential job losses expected early next week.

Copyright Agence France-Presse, 2020

Comments

Comments are closed.