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Arsenal to receive cash injection from owner Stan Kroenke to help ease club's financial burden during coronavirus crisis as they close in on pay cut agreement with boss Mikel Arteta

Stan Kroenke will provide Arsenal with a major cash injection to help ease the club through the coronavirus financial crisis.

And in another boost, the club are moving closer to negotiating a pay reduction with manager Mikel Arteta while there is growing hope a wage deal can be struck with the playing squad.

Owner Kroenke has often been criticised by Arsenal supporters for what some perceive as a lack of spending in the transfer market.

Arsenal have made a breakthrough in negotiations to get the players to take wage cuts

But Sportsmail understands the American businessman has guaranteed to pump a significant amount, which will run into millions, into Arsenal to soften the blow of the Covid-19 pandemic.