Premier League soccer team Arsenal have announced that its players and coaching staff will all take 12.5% wages cuts to ease financial burdens on the club brought about by not currently playing matches.
All soccer in England has been suspended since March, as has been the case in major leagues around the world, with many seasons still to be completed.
League leaders Liverpool, Tottenham Hotspur, and Bournemouth all previously reversed decisions to furlough non-playing staff following criticism.
Arsenal said in a statement Monday (April 20) that the voluntary agreement by the players will mean “reductions of total annual earnings by 12.5% and will come into effect this month.”
It added that «agreed amounts» would be repaid if specific targets primarily linked to success on the pitch including a return to the lucrative Champions League were met in the seasons ahead.
At the time the Premier League was halted, Arsenal were ninth in the table, eight points adrift of fourth place which would guarantee qualification to European footballs elite club competition.
The club went on to make clear that the agreement with players was based on the assumption of the current 2019/20 season being completed and it received its full share of broadcasting revenues.