Audio By Carbonatix
Liverpool have reversed their decision to place some non-playing staff on temporary leave and apologised to fans.
On Saturday, the club said they were going to apply to the government's taxpayer-funded job retention scheme, sparking a fierce backlash.
But in a letter to their fans, chief executive Peter Moore said: "We believe we came to the wrong conclusion last week and are truly sorry for that."
He added that the Reds have "opted to find alternative means" to pay staff.
The U-turn came after mounting criticism had led to talks between the club's US owners Fenway Sports Group, executives and key stakeholders.
Liverpool had become the fifth Premier League team to furlough non-playing staff with the season suspended indefinitely because of the coronavirus pandemic.
Staff affected were to receive 80% of their salary through the scheme and the club would make up the difference, despite making a profit of ÂŁ42m last year. Liverpool are the world's seventh-richest football club.
The decision was criticised by former Liverpool players Jamie Carragher and Stan Collymore.
Newcastle United, Tottenham Hotspur, Bournemouth and Norwich City had already announced they will furlough some non-playing staff.
"Despite the fact we were in a healthy position prior to this crisis, our revenues have been shut off yet our outgoings remain," said Moore.
"And like almost every sector of society, there is great uncertainty and concern over our present and future.
"Like any responsible employer concerned for its workers in the current situation, the club continues to prepare for a range of different scenarios, around when football can return to operating as it did before the pandemic.
"These scenarios range from best case to worst, and everything in between.
"It is an unavoidable truth that several of these scenarios involve a massive downturn in revenue, with correspondingly unprecedented operating losses.
"Having these vital financial resources so profoundly impacted would obviously negatively affect our ability to operate as we previously have."
Latest Stories
-
David Selassie Anthony declares bid for NDC Deputy National Organiser
18 minutes -
Amin Adam proposes 13 measures to strengthen Ghana’s debt transparency and market confidence
39 minutes -
Mahama announces $2bn annual investment to accelerate industrialisation
44 minutes -
Amin Adam urges monthly disclosure of Sinking Fund as Ghana prepares for DDEP repayments
54 minutes -
Stronger banks will fuel business growth and jobs – ADB MD
56 minutes -
Galamsey: ‘Rivers that fed our grandparents now run the colour of chocolate milk’ – Sam Jonah
57 minutes -
We have been scammed by NDC, government is only doing PR – Abanga Fuseini
58 minutes -
Republic Bank–JoyNews Habitat Fair opens in Ho today
60 minutes -
BoG pledges stability to attract investment, urges stronger Africa–Asia partnerships
1 hour -
Amin Adam warns treasury bill dependence could expose Ghana to refinancing risks
1 hour -
Ghana better placed to withstand commodity price shocks – IMF
1 hour -
GAPTE intensifies efforts to increase bus availability for Aayalolo contra-flow
1 hour -
Amin Adam warns cedi depreciation could reverse Ghana’s debt relief gains
1 hour -
Fiscal discipline crucial for pension fund investments – Finance Minister
1 hour -
BoG Governor rallies IMF to back Africa’s digital sovereigntyÂ
1 hour