Arsenal Football Club
Arsenal football club players have accepted to take a 12.5% wage cut with them being reimbursed if they qualify for next season’s Champions League or the 2021-22 competition. The players will get a £100,000 bonus for reaching next year’s Champions League.
But if they fail to make it to the Champions League and make the Europa league they will be compensated as well. Should Arsenal win the 2021 Champions League they will be given £500,000 but if they win the Europa League they will be given £100,000.
The Gunners are currently in the ninth position in the Premier League table before the was stopped due to the outbreak of coronavirus. On Wednesday, the Arsenal executive team agreed to waive more than a third of their salaries over the next 12 months.
Private discussions have taken place with the players over the “potential financial challenges ahead”, with negotiations on wage cuts taking place on a club-by-club basis.
The decision came after league-wide talks aimed at a collective pay deal broke down without resolution. The Premier League proposed a 30% pay cut, but the Professional Footballers’ Association said that would affect tax contributions to the NHS.
Arsenal said in a statement earlier this week “our owners, Kroenke, Sports & Entertainment, are fully committed to supporting Arsenal through this challenging time”. They confirmed their fans will receive credits or refunds if matches are played behind closed doors or cancelled. Season tickets and single match-day tickets at Arsenal are among the most expensive in the league, meaning the Gunners face paying back more than most other clubs.
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