Arsenal players holding out for wage deferral as pay cut is rejected
16 April 2020
The club said in a statement their executive team has volunteered to waive more than a third of their earnings over the next 12 months.
Arsenal are not currently intending to use the government's furlough scheme.
Arsenal's players have rejected the club's proposal to take a pay cut of 12.5 per cent, in case Champions League football for next season is not secured, to help carry the financial burden of the coronavirus pandemic, according to the Guardian.
Though they didn't comment on the reported dismissal of their proposal, Arsenal said in a statement on their website that the crisis' impact on the club's revenues were putting their operating model under pressure.
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