COVID-19: Arsenal players agree to 12.5% paycut

Arsenal players and coaching body of workers have agreed to take a 12.5% pay reduce to assist aid the membership financially all through the coronavirus crisis.

Talks will proceed on an individual foundation with some players who have not agreed to the deal, however the enormous majority of players have agreed.

A declaration from the club clarified the settlement is based totally on the assumption that the 2019-20 Premier League season will be completed, and that full broadcasting income will be obtained as a result.

The assertion read: “The move follows positive and constructive discussions.

“In these conversations there has been a clear perception of the gravity of the modern state of affairs precipitated via the Covid-19 pandemic and a sturdy want for players and staff to exhibit their backing for the Arsenal family.

“Reductions of whole annual salary by means of 12.5 per cent will come into impact this month, with the contractual bureaucracy being achieved in the coming days.

“If we meet precise pursuits in the seasons ahead, primarily linked to success on the pitch, the club will repay agreed amounts.

“We will be capable to make these repayments as hitting these targets, which the players can without delay influence, will imply our monetary role will be stronger.

“The settlement is primarily based on the assumption we will end the season 2019-20 and get hold of the full broadcasting revenues.

“The ensuing financial savings will assist cover some of the economic dangers we have this season in relation to our matchday and business income.