COVID-19: Arsenal Players, Coaches Agree 12.5% Wage Cut

By Daily Sports on April 21, 2020

Arsenal have agreed a 12.5% pay cut for 12 months with their playing staff and senior coaches following lengthy discussions over the past two weeks.

The wage reduction will come into effect before the end of April and last until March 2021, although the club have vowed to repay the amounts agreed if the team hits certain on-field performance targets in the coming season.

Sources close to the deal have told ESPN the money will be returned in full if Champions League qualification is secured while the players will receive a lower figure if they seal a Europa League spot.

A club statement on Monday read: “We are pleased to announce that we have reached a voluntary agreement with our first-team players, head coach and core coaching staff to help support the club at this critical time.

“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.

“Reductions of total annual earnings by 12.5% will come into effect this month, with the contractual paperwork being completed in the coming days. If we meet specific targets in the seasons ahead, primarily linked to success on the pitch, the club will repay agreed amounts. We will be able to make those repayments as hitting these targets, which the players can directly influence, will mean our financial position will be stronger.

“The agreement is based on the assumption we will finish the season 2019/20 and receive the full broadcasting revenues. The resulting savings will help cover some of the financial risks we have this season in relation to our matchday and commercial income.”

The first-team squad, represented in negotiations by their Professional Footballers' Association representative Hector Bellerin, was understood to have been initially surprised at being asked to take a permanent reduction when other Premier League clubs were discussing wage deferrals.

Bellerin was believed to have been torn over the situation, recognising the need to fight for his teammates but also understanding the wider financial pressure on the club and football as a whole in the wake of the coronavirus pandemic. (ESPN)

•PHOTO: Arsenal players 

Source Daily Sports

Posted April 21, 2020


 

You may also like...
NFF says no Germany friendly

Diego Costa fit for Barcelona clash, Godin out...

Joshua, Klitschko rematch possible for Las Vegas

Wilshere to walk out of Arsenal after Emery...

Villarreal To Appoint Ex-Arsenal Manager Emery

NFF Appoints Caretaker Committee For Anambra FA

 

Latest News Nigeria beat Cameroon to reach IHF final 27 schools for Doregos Basketball Championship Super Falcons to play France’s Les Bleues in friendly SWAN suspends ban on coverage of Anambra FA activities Joshua among boxing’s top three earners in 2024 Oshoala makes history with Bay FC Nnamani hails team over IHF bright start Flamingos lift U-17 W’Cup Fair Play Trophy Rangers Intl, SWAN partner on sports collaboration in SE LAGOS SWAN CELEBRATES AIG ZONE 2 ON HIS BIRTHDAY AND 30 DAYS IN OFFICE Traders Cup: Upholstery Soccer Team Secured 2nd Win To Advance To Round Two Lagos SWAN Celebrates Oba Akiolu, Iyaloja General, AIG Fayoade

 

Most Read Rangers International going, going . . . (55,142 views) Amaju Pinnick: A cat with nine lives (46,269 views) Second Term: Amaju Pinnick, Other NFF Heavyweights Home to Roost •How Pinnick Broke the Jinx (44,350 views) Missing $150,000 IAAF Grant: Solomon Dalung’s Hide and Seek game (43,992 views) Sports Development: Zenith Bank on the zenith (43,932 views) Current issues in Nigerian sports: Matters arising (43,879 views) Gov. Abdullahi Ganduje’s solid footprints, commitment to sports development in Kano State (43,718 views) NFF Presidency: Pinnick, Maigari, Ogunjobi, Okoye in Battle for Supremacy (43,289 views) Olopade, BET9A wave of revolution in NNL (42,333 views) Commonwealth Games 2018: Shame of Muhammadu Buhari, Solomon Dalung (41,036 views) Ibrahimovic’s Man U exit: Whose decision is it? And in whose interest? (39,489 views) John Mikel Obi: Segun Odegbami’s Outrageous Call! (38,916 views)

 

Phone numbers

Tel: +234(0)8066020976
+234(0)8055068145
+234(0)7013416146
+234(0)8094272884

Email addresses

info@dailysportsng.com
support@dailysportsng.com
publisher@dailysportsng.com

Office address

No 3, Adetoun Close, Off College Road, Ogba, Ikeja Lagos.
Website: www.dailysportsng.com

Social Media