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Arsenal manager, players and coaches agree to a 12.5% wage cut

Gunners players can recoup some of the cuts if they hit on pitch targets
Arsenal
Premier League club Arsenal has seen players, managers and coaches take a pay cut (Getty Images)

Arsenal's first-team players, manager Mikel Arteta and coaching staff have agreed to take a 12.5% pay cut to help the club through the financial impact of the coronavirus pandemic.

The English Premier League club said it is a "voluntary agreement", with those that agreed having their annual salaries reduced by 12.5%.

If the Gunners hit certain targets on the pitch, the club says "agreed amounts" will be paid back.
"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," Arsenal said.

"The agreement is based on the assumption we will finish the 2019-20 season 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 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.

"We are proud and grateful to our players and staff for pulling together to support our club, our people and our community in these unprecedented times which are some of the most challenging we have faced in our history."

Sheffield United manager Chris Wilder and chief executive Stephen Bettis previously agreed partial pay and bonus deferrals. Watford, Southampton and West Ham are the other English Premier League clubs to have agreed wage cuts with their first-team squads.

Juventus, Barcelona, Bayern Munich and Borussia Dortmund are some of the big name European clubs that have already seen players and staff take wage cuts to help their club through the financial uncertainty caused by the coronavirus pandemic.

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