MANAGER Neil Lennon, the Celtic’s first-team squad, backroom staff and club executives have agreed a voluntary and “significant reduction” in salaries.
They have also agreed to defer “a significant proportion of their earnings”, with the money-saving measures in place from April to June.
The champions hope these steps will help them emerge from the coronavirus pandemic lockdown “on a stable basis”.
Chief executive Peter Lawwell praised “the willingness of everyone involved.”
He also acknowledged the Parkhead side are in a strong financial position, but “not immune to this unique set of circumstances”.
He added: “I would like to pay tribute to Neil and the players for their desire to play their part and the outcomes achieved.
“I am also grateful to my own executive team for the commitment they have devoted to this outcome in very difficult working circumstances.”
The eight-in-a-row title kings, currently 13 points clear at the top of the table, posted profits of £24million for the final six months of last year, which they ended with nearly £33million in the bank.