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Alex Iwobi and his Everton team mates are facing salary cuts as they continue to fight relegation from the Premier League.
The squad is divided between players who will be forced to take a pay-cut and those who will not have their wages impacted.
Sean Dyche’s side are in serious trouble as they languish in 19th place in the Premier League table, two points from safety. Morale is low around Goodison Park, particularly after Thursday night’s humbling 4-1 home defeat by Newcastle.
There are mounting fears over just how severe the financial repercussions will be felt if Everton were to be relegated from the Premier League. As per the Telegraph, officials within Everton’s hierarchy started to plan with the thought of relegation in mind last summer after the Toffees survived by the skin of their teeth last term.
This included inserting relegation clauses into the contracts of all new signings. However, members of the squad who were already at the club do not have that included in their deal, while goalkeeper Jordan Pickford penned a new contract at the turn of the year thought to be worth £150,000 per-week.
Though the Toffees did generate some cash and shift high-earner Richarlison off the books last summer after the Brazilian’s £60million move to Tottenham, the likes of Yerry Mina and Dominic Calvert-Lewin remain at Goodison and even Andre Gomes, currently out on loan at Lille, has a contract that runs to next summer.
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