Arsenal executives have agreed to cut their salaries to help the club in times of crisis.
A few days ago, the Gunners’ club bosses came up with an offer to reduce the salaries of players for a period of 1 year, which included the payment of all amounts if the team qualifies for the group stage in the Champions League. However, the proposal was then rejected by the players.
In a statement, Arsenal said that they expect the most challenging times ahead since their founding in 1886:
“The suspension of football and the broader global economic impact of the virus mean that many of our revenue streams are on hold or are at risk,” they said. “We have always aimed to operate on the basis that the money we earn is reinvested in the team, the wider club and invested into our community. The potential impact on our revenue streams puts our operating model under pressure.
“We know that this crisis will pass, and normality will resume, but timeframes cannot be known with any certainty. The potential financial impact is significant so we must be responsible and act now to best protect Arsenal from what might happen in the months ahead.”
It is now been reported by the Athletic, that after a talk with Mikel Arteta, Arsenal players have agreed to take a wage cut amid coronavirus pandemic. Before this,Bellerin took a poll on the team Whatsapp group, in which 13 players said yes, and 14 said no.
