The Gunners are the first Premier League club to do so amid storm over players' wages. FMTNews Arsenal
LONDON: Arsenal became the first Premier League club to agree a coronavirus pay cut with their players as manager Mikel Arteta and his stars slashed their wages by 12.5% on Monday.
“The move follows positive and constructive discussions. In these conversations there has been a clear appreciation of the gravity of the current situation caused by the Covid-19 pandemic and a strong desire for players and staff to show their backing for the Arsenal family.” After a muted response to their request, Arsenal were able to secure the agreement thanks to Arteta’s influence, according to reports.
There are reports that Arsenal, whose yearly wage bill is around £230 million, will give players their money back in the event that they bridge an eight-point gap and qualify for the Champions League when football restarts. “The agreement is based on the assumption we will finish the season 2019/20 and receive the full broadcasting revenues.
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