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Arsenal Becomes The First Club To Agree Pay Cut - Sports - Nairaland

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Arsenal Becomes The First Club To Agree Pay Cut by legalwealth(m): 10:03pm On Apr 20, 2020
We are pleased to announce that we have reached a voluntary agreement with our first-team players, head coach and core coaching staff to help support the club at this critical time.


The move follows positive and constructive discussions. In these conversations there has been a clear appreciation of the gravity of the current situation caused by the Covid-19 pandemic and a strong desire for players and staff to show their backing for the Arsenal family.

Reductions of total annual earnings by 12.5 per cent will come into effect this month, with the contractual paperwork being completed in the coming days. If we meet specific targets in the seasons ahead, primarily linked to success on the pitch, the club will repay agreed amounts. We will be able to make those repayments as hitting these targets, which the players can directly influence, will mean our financial position will be stronger.

The agreement is based on the assumption we will finish the season 2019/20 and receive the full broadcasting revenues. The resulting savings will help cover some of the financial risks we have this season in relation to our matchday and commercial income.

We are proud and grateful to our players and staff for pulling together to support our club, our people and our community in these unprecedented times which are some of the most challenging we have faced in our history.

Victoria Concordia Crescit

Source: https://www.arsenal.com/news/club-statement

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Re: Arsenal Becomes The First Club To Agree Pay Cut by legalwealth(m): 10:06pm On Apr 20, 2020
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Re: Arsenal Becomes The First Club To Agree Pay Cut by PlayerMeji: 10:14pm On Apr 20, 2020
Barcelona players agreed to a whooping 70% pay cut...
Re: Arsenal Becomes The First Club To Agree Pay Cut by legalwealth(m): 10:31pm On Apr 20, 2020
PlayerMeji:
Barcelona players agreed to a whooping 70% pay cut...

shocked
Re: Arsenal Becomes The First Club To Agree Pay Cut by juliusijidola: 8:25pm On Apr 22, 2020
legalwealth:
We are pleased to announce that we have reached a voluntary agreement with our first-team players, head coach and core coaching staff to help support the club at this critical time.


The move follows positive and constructive discussions. In these conversations there has been a clear appreciation of the gravity of the current situation caused by the Covid-19 pandemic and a strong desire for players and staff to show their backing for the Arsenal family.

Reductions of total annual earnings by 12.5 per cent will come into effect this month, with the contractual paperwork being completed in the coming days. If we meet specific targets in the seasons ahead, primarily linked to success on the pitch, the club will repay agreed amounts. We will be able to make those repayments as hitting these targets, which the players can directly influence, will mean our financial position will be stronger.

The agreement is based on the assumption we will finish the season 2019/20 and receive the full broadcasting revenues. The resulting savings will help cover some of the financial risks we have this season in relation to our matchday and commercial income.

We are proud and grateful to our players and staff for pulling together to support our club, our people and our community in these unprecedented times which are some of the most challenging we have faced in our history.

Victoria Concordia Crescit

Source: https://www.arsenal.com/news/club-statement

You are sure?

What about Juventus !

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