Arsenal bosses take salary hits as Gunners face financial firing line

April 16 – Arsenal’s entire executive team have agreed to waive more than a third of their salary as a result of Covid-19 with the club warning it is facing “one of the most challenging periods” in its 134-year history.

The Gunners said all other employees are to be paid in full, and the club will not be using the government’s job retention scheme.

Private discussions have taken place with the players “around the potential financial challenges ahead,” the club said. Negotiations on wage cuts are taking place on a club-by-club basis in the English top flight.

“The potential financial impact is significant so we must be responsible and act now to best protect Arsenal from what might happen in the months ahead,” said an Arsenal statement.

Meanwhile, Arsenal fans will receive credits or refunds if matches are played behind closed doors or are cancelled entirely, a gesture other clubs would do well to copy.

Contact the writer of this story at moc.l1601090017labto1601090017ofdlr1601090017owedi1601090017sni@w1601090017ahsra1601090017w.wer1601090017dna1601090017