Southampton players have agreed to defer their salaries for the months of April, May, and June to help protect the future of the club as a result of the coronavirus pandemic.
The club became the first Premier League side to reach such an agreement with players, as clubs around the world try finding solutions to their financial dilemmas.
Lack of action means little income for the clubs, which affects mainly the non-playing staff.
"The board of directors, the first-team manager, his coaching staff and the first-team squad have agreed to defer part of their salaries for the months of April, May, and June to help protect the future of the club, the staff that work within it and the community we serve," read part of the statement.
The club further revealed that they will take advantage of the government’s Job Retention Scheme during April, May, and June.
"Our owners have put measures in place to ensure that all staff not deferring part of their salaries will continue to receive 100% of their pay, paid in the normal way until 30th June," the statement went on.
"The situation is ever-evolving and we will continue to monitor and assess the impact to the club over the coming weeks before deciding any further action necessary,"
The Premier League was on Friday suspended indefinitely after being postponed twice, with the date of its return still unknown.