Brondby fighting to save cash
Efforts to salvage cash-strapped former Danish football champions Brondby IF continued Thursday as management and employees discussed a plan that comprised wage cuts and other proposals.
According to the plan, unveiled on Tuesday, salaries are to be slashed by 25 per cent in the coming three months, followed by a permanent 10 per cent cut.
Management had initially requested a reply from players and other employees at noon on Thursday, but the deadline was moved to Friday afternoon, the club said on its website.
Ongoing talks were positive, managing director Tommy Hakansson said in a statement.
In a counter offer, players were reported to be prepared to accept just 25 per cent of the January salary, and that the outstanding amount be refunded in April after the club has secured new capital.
The Copenhagen-based club won 10 league titles between 1985 and 2005, but has since been overshadowed by rival FC Copenhagen.
Brondby currently trail at the bottom of the standings.
Other points in the plan include a write down of some of the debt. The club is listed on the Copenhagen stock exchange.