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Arsenal players, manager follow footsteps of club executives by taking wage cuts

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Arsenal players and coaching staff have agreed to take a 12.5% cut in their wages to cushion the effect of the coronavirus pandemic on the club’s finances.

The Gunners are taking this step days after the executives of the club decided to forgo part of their salaries for same purpose.

A statement from the Premier League club, however, stated that if the team hit certain targets on the pitch, “agreed amounts” will be paid back.

“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,” the statement reads

Read Also: Fresh scandal at FIFA as ex-executives accused of bribes over W’Cup votes

“Reductions of total annual earnings by 12.5% will come into effect this month, with the contractual paperwork being completed in the coming days.”

Several Premier League clubs have furloughed employees since the new coronavirus outbreak while others have said their players have accepted wage deferrals, but Arsenal are the first club to announce salary reductions for players.

Earlier on Monday, Sheffield United manager Chris Wilder and chief executive Stephen Bettis agreed partial pay and bonus deferrals “to assist the club’s cash flow issues”.

Watford, Southampton and West Ham are the other Premier League clubs to have agreed wage deferrals with their first-team squads.

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