Arteta’s intervention could result in pay cut
Arsenal’s proposition of wage cuts is getting more positive traction, as per the new reports. They have offered 12.5 per cent wage cut for a year with the incentive that if the team qualifies for Champions League then full payment will be given but the players were against the decision. If they have agreed to the deal, it would have resulted in a wage cut of £25 million from their annual wage £230 million. But the new report confirms that the players are replying positively to the deal.
Some of the players have supported the proposition but most have declined it. But, now we have received the player’s positive response. This sudden change is due to the intervention of the Arsenal boss Mikel Arteta, who has had a conference call with his team and has explained about the financial crisis the team is facing.
Arteta is a good coach who understands his squad and at the same time is responsible for the club’s ongoing financial crisis. He is aware of how the suspension of football activity due to coronavirus may affect the team and the loss of finances.
Arsenal in a recent statement released by them says that the suspension of football activity will lead them to financial concerns and is currently at risk. They are also aware that this situation will not prevail longer and normality will return back. But until then they should take all measures the support Arsenal in this time of crisis.
They want to prepared for the financial impact that this period is going to have on football. The news of wage cut was announced immediately after the proclamation of 14 team executive, which includes the head of football, academy manager and managing director whose one-third part of the salary for next twelve months will be cut down.