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Arsenal Coaches, Players Take 12.5% Pay Cut to Help Club Through Coronavirus

Arsenal manager Mikel Arteta and his players agreed to reduce pay by 12.5% on Monday for the next year to help their club deal with the financial impact of the coronavirus.

No games have been played in the English Premier League for six weeks and the competition is not likely to resume until at least June due to the national lockdown and social distancing.

“There has been a clear appreciation of the gravity of the current situation,” Arsenal said, “and a strong desire for players and staff to show their backing for the Arsenal family.”

The voluntary reduction in annual earnings by the players and coaches will come into effect next month once the paperwork is completed this week.