Arsenal players and boss Arteta agree coronavirus pay cut

Arsenal became the first Premier League club to agree a coronavirus pay cut with their players as manager Mikel Arteta and his stars slashed their wages by 12.5 percent on Monday.

After Southampton and West Ham announced wage deferral agreements with their players, Arsenal went one step further by securing the pay cut from Arteta and the first-team squad.

"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," Arsenal said in a statement.

"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."
- 'Financial risks' -
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"The resulting savings will help cover some of the financial risks we have this season in relation to our matchday and commercial income."