As Arsenal and the remaining 19 Premier League teams hope for a June 8th return to playing football, the league, the clubs, and the players continue to debate player over pay cuts that could help teams deal with the financial loses due to COVID-19.
Even though the Gunners are one of English football’s top earning clubs, things will not improve for the bottom line if this season is cancelled. Playing behind closed doors will help secure some or all of the TV rights revenue, but there would be no hospitality sales or ticket sales to help offset the current financial issues.
Here what the Arsenal brass have asked the players to accept (or reject)…
1. A 12.5 per cent pay cut for 12 months from April 2020 to March 2021.
2. The full amount is then refunded if Arsenal qualify for the Champions League.
3. If Arsenal do not qualify for the Champions League, no money is returned back.
4. If Arsenal fail to qualify for the Champions League, but qualify for the Europa League the cut becomes 7.5 per cent.
5. If the season does not finish and/or Arsenal does not get full money from broadcasters then they will ask the players to find a “further solution.”
In other words, this is a tough situation for both sides of the table.
Stay healthy!
Gunner1953
Arsenal defeated Nottingham Forest 3-0 on Saturday in the Premier League to notch the club’s 2,000th top-flight win.
Leicester City has sacked manager Steve Cooper following only two Premier League wins this season.
Manchester City has lost five matches in a row in all competitions while being outscored 4 to 14. City will play Liverpool at Anfield on December 1st.
Nov 30 – West Ham United (A)
Ethan Nwaneri scored his first senior team goal for Arsenal v Nottingham Forest on Saturday.
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