Celtic coach Neil Lennon, the rest of the coaching staff and club executives have voluntarily agreed to take a wage cut amid the coronavirus pandemic.
The season in Europe is stopped from March and many clubs are struggling to pay their players and non-playing staff.
With this decision, Scottish champions are willing to overcome the tough financial times.
Also, Lennon, Peter Lawwell and others will make deferrals of a big proportion of their salaries they should have gotten in April, May and June.
“I would like to pay tribute to Neil and the players for their desire to play their part and the outcomes achieved.” Lawwell said (via Daily Mail)
“I am also grateful to my own executive team for the commitment they have devoted to this outcome in very difficult working circumstances and also their own willingness to play a part in the measures adopted.
“I am extremely appreciative of the willingness of everyone concerned, to recognise the practical difficulties which this awful crisis has created.
“Celtic are in a strong financial position but we are not immune to this unique set of circumstances.” he added.
Celtic have announced manager Neil Lennon, backroom staff and club executives have taken a voluntary and “significant reduction” in salaries.
— BBC Sport (@BBCSport) April 10, 2020