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Post by rugbytoffee on Apr 20, 2020 18:07:16 GMT
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.
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