Arsenal have issued a statement saying talks are ‘productive and ongoing’ with players about taking wage cuts in light of the coronavirus pandemic.
Any player who agreed to the cut and then later signed a new deal would receive the educated balance back, as well as their new salary.
Another incentive included any player sold after the virus has subsided would get their wage cut back in full.
However, players rejected the proposal and discussions are ongoing over an agreement suitable for all parties.
“Our players have been keeping very busy during this difficult period, working hard at home on both their fitness and tactical work while training is suspended,” read an Arsenal statement.
“Over the past 10 days we have been in discussions with them around the potential financial challenges ahead, and how we are planning for those now.
“These are productive and ongoing conversations around how our players might support their club in an appropriate way.
“We have not and will not make any comment on this matter until these private discussions have concluded.”
Arsenal admitted managing the effects of the pandemic ‘is one of the most challenging periods in our near 134-year history’.
The north London club, however, will not be using the Government’s coronavirus job retention scheme set-up to help businesses survive.
They have outlined their intention to pay staff in full during this uncertain period, while extending casual employees’ pay until the end of May.
A statement from the Gunners read: “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.
“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.
Give COVID-19 the red card
The quicker we work together to stop coronavirus spreading, the sooner we can get back into the pubs, the gyms and stadiums and arenas to see live sport again…
STAY AT HOME. Only leave for the following purposes:
- to shop for basic essentials – only when you really need to
- to do one form of exercise a day – such as a run, walk or cycle, alone or with other people you live with
- for any medical need – for example, to visit a pharmacy or deliver essential supplies to a vulnerable person
- to travel to and from work – but only where this is absolutely necessary
For more info and tips, visit the NHS website.
The government has also issued further detail on what we can do during lockdown.
Everyone should do what they can to stop coronavirus spreading.
“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.
“What is clear is that this is one of the most challenging periods in our near 134-year history.”
Arsenal boss Mikel Arteta recovered from coronavirus last month and remains the only Premier League manager, so far, to contract the illness.