Arsenal Announce 12.5% Pay Cuts For Players, Coaching Staff

by AnaedoOnline April 21, 2020

written by AnaedoOnline April 21, 2020

Arsenal’s players and coaching staff have agreed a 12.5% salary cut due to the COVID-19 pandemic, making the London-based club the first in the Premier League to announce such a measure.

Several Premier League clubs have furloughed employees since the new coronavirus outbreak while others, such as West Ham United and Southampton, have said their players have accepted wage deferrals.

League leaders Liverpool, Tottenham Hotspur and Bournemouth reversed decisions to furlough non-playing staff following criticism.

“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,” Arsenal said in a statement here on Monday.

“Reductions of total annual earnings by 12.5% will come into effect this month, with the contractual paperwork being completed in the coming days.”

Arsenal added that “agreed amounts” would be repaid if specific targets primarily linked to success on the pitch were met in the seasons ahead.

The club said the agreement with players was based on the assumption of the 2019/20 season being completed and the club receiving its full share of broadcasting revenues.

Arsenal hero, Charlie Nicholas, has urged the club’s manager, Mikel Arteta, to sell Shkodran Mustafi and Henrikh Mkhitaryan this summer transfer window to raise funds for a new contract for captain, Pierre-Emerick Aubameyang.

Anaedoonline.com recalls that Aubameyang is facing an uncertain future at Arsenal. The Gabon international’s current contract at Emirates will run out in the summer of 2021.

“Mikel Arteta wants five or six out, and he wants that money to rebuild. If nothing more is in the pot, sell to rebuild,” Nicholas told Sporting Life.

“If you are doing that as a financial package, you are not buying to replace Aubameyang.

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Arsenal Announce 12.5% Pay Cuts For Players, Coaching Staff

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