Arsenal executives waive part of salaries as negotiations on wage cut for players continue

Arsenal’s executive team will waive part of their salaries over the next 12 months in response to the ongoing coronavirus crisis across the globe.

The Premier League giants revealed on Wednesday that the executives agreed to waive more than a third of their salaries to help cushion the effect of the pandemic on the club.

The Gunners also said all other employees are to be paid in full, and the club will not be using the government’s job retention scheme.

Meanwhile, negotiations are still ongoing with players as private discussions are taken place.

Read Also: COVID-19: Real Madrid players, coaches, employees to take 10-20% pay cut

The decision for negotiations on pay cut to be done one club-by-club basis came after talks aimed at a collective pay deal broke down without resolution.

The Premier League proposed a 30% pay cut, but the Professional Footballers’ Association says that would affect tax contributions to the NHS.

Arsenal say this is “one of the most challenging periods in our near 134-year history.”

The club added: “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.”

The coronavirus outbreak has forced the suspension of football activities in England and other countries till further notice.

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