• About us
  • Donate
  • WADR
  • Contact us
  • Live Stream
Saturday, September 23, 2023
Loud Silence News
Advertisement
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
Loud Silence News
No Result
View All Result
Home Ghana News Ghana Business

Arsenal Players Reject Wage Cuts As Coronavirus Crisis Stand-off Continues | Football/Soccer

Loud Silence Staff by Loud Silence Staff
April 14, 2020
in Ghana Business
0
Arsenal Players Reject Wage Cuts As Coronavirus Crisis Stand-off Continues | Football/Soccer
2
SHARES
12
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

[ad_1]

The Gunners have told their stars that the financial situation at the club will be grave should the season be cancelled or resumed behind closed doors.

Arsenal’s players have rejected the latest proposal aimed at slashing the club’s wage bill during the ongoing coronavirus crisis.

You might also like

No More Talks, when fuel prices increase we will also increase fares – Commercial drivers

4More To Do More: Prices of coffins and caskets in Kumasi to increase from next week

Ghana’s 2023 Budget To Delay Because Ofori Atta Gave wrong Figures to IMF

Executives and players have been attempting to secure some sort of agreement during talks over the past fortnight, which would allow the north London club to lessen their financial outlay while football is suspended in the country.

Several options have been discussed, but so far none have been met with enough approval to be put into action.

The idea of a 12.5 per cent wage cut – which would last for a year – was put to the senior squad over the weekend, with Arsenal making it clear to the players that the financial situation at the club would be grave should the season not be completed or if it were to be finished behind closed doors.

There were incentives included in the offer, including one which stated that the players would be paid in full should they secure Champions League football next season.

Had that offer been accepted, it would have seen Arsenal cut around £25 million ($31m) from their annual £230m ($286m) wage bill. It was, however, met with scepticism by the players with the Gunners currently sitting ninth in the Premier League.

A vote on the offer was held among the squad on Monday and – as first reported by The Telegraph and since confirmed to Goal – it has been rejected.

For the proposal to have been given the go-ahead, it would have needed the support of 75% of the players, but it is understood that while some would agree to the cuts, the figure was nowhere near high enough for it to be accepted.

The decision comes after the Professional Footballers’ Association (PFA) advised players to reject all offers of wage cuts during the crisis, insisting that only offers of deferrals should be taken into consideration.

There is an understanding at Arsenal that the players are open to the option of deferring part of their wages to help lessen the financial burden on the club, especially if that would help to keep all non-playing staff in their jobs throughout the shutdown.

But there is a sense of distrust that the ownership may be using the situation as a way to slash a wage bill that has become increasingly problematic following three seasons outside of the Champions League.

Last summer Josh Kroenke – son of owner Stan – responded to growing fan criticism over a lack of action in the transfer market by singling out the issue of player wages.

“It’s no secret that we have a Champions League wage bill on a Europa League budget right now,” he said in a letter obtained by The Press Association. “That’s a fact. And one that we’re figuring out how to face internally at the moment.”

And with Arsenal now facing up to another season in the Europa League – or potentially without European football altogether – that situation is only going to get worse. It has now been magnified further by the Covid-19 pandemic.

With football now suspended, and the potential of remaining fixtures going behind closed doors, Arsenal are facing huge financial losses just a matter of months after they announced an operating loss of £27.1m ($34m) for the year 2018-19.

The Gunners generate close to £100m ($125m) from matchday income per season and are forecast to lose around £12m ($15m) in terms of gate revenue should the rest of the campaign be played without fans present.

And so with the prospect of a large chunk of next season also having to be played behind closed doors, Arsenal view wage cuts as a necessity to ensure the club can get through such uncertain times. There is also the very real threat of having to pay back cash from broadcast deals that have already been handed out to Premier League clubs.

Negotiations with the players – which have so far been held via PFA representative Hector Bellerin – will now continue aimed at finding a workable solution.



[ad_2]

This content first appear on peace fm online

Tags: AnnouncementsArticlesCrimeEDITORIALEducationFeaturesFootball/SoccerForeign NewshealthMeet The PressPEACE FM NEWSPress ReleaseReligionRumour MillScience & EnvironmentSocialSpeechestechnologyTourismtravel
Previous Post

Transit’s monumental challenges to support the frontline in the time of coronavirus – Management & Operations

Next Post

The 10 US states developing ‘reopening’ plans account for 38% of the US economy

Loud Silence Staff

Loud Silence Staff

Related Posts

No More Talks, when fuel prices increase we will also increase fares – Commercial drivers
Ghana Business

No More Talks, when fuel prices increase we will also increase fares – Commercial drivers

by News Reporter
November 3, 2022
4More To Do More: Prices of coffins and caskets in Kumasi to increase from next week
Ghana Business

4More To Do More: Prices of coffins and caskets in Kumasi to increase from next week

by News Reporter
November 3, 2022
Ghana’s 2023 Budget To Delay Because Ofori Atta Gave wrong Figures to IMF
Ghana Business

Ghana’s 2023 Budget To Delay Because Ofori Atta Gave wrong Figures to IMF

by News Reporter
November 3, 2022
GPRTU to increase transport fares by 19%
Ghana Business

GPRTU to increase transport fares by 19%

by News Reporter
October 26, 2022
Transport fares to be Increased on Monday
Ghana Business

Transport fares to be Increased on Monday

by News Reporter
October 21, 2022
Next Post
The 10 US states developing ‘reopening’ plans account for 38% of the US economy

The 10 US states developing 'reopening' plans account for 38% of the US economy

Recommended

America’s First Lady to visit Ghana and a host of other African countries by the end of July

America’s First Lady to visit Ghana and a host of other African countries by the end of July

June 24, 2022

Protect the Rt. Hon. Speaker and Not the Chinese Galamseyers – Dr. Solomon Owusu.

January 15, 2022

Categories

  • African Business
  • African Education
  • African Health
  • African News
  • African Politics
  • African ShowBiz
  • Education
  • Ghana Business
  • Ghana News
  • Ghana ShowBiz
  • Ghana Sports
  • Human Interest Stories
  • News
  • Opinion
  • People
  • ShowBiz
  • Social Trends
  • US Business
  • US Education
  • US Health
  • US News
  • US Politics
  • US Showbiz
  • WADR
  • World Business
  • World News
  • World Politics
  • World Showbiz
  • World Sports

Don't miss it

NPP Thugs Rob Citizens Trying to Get Registered for their Voter Card In Accra
Ghana News

NPP Thugs Rob Citizens Trying to Get Registered for their Voter Card In Accra

September 18, 2023
MIREKU DUKER’s MINE CAVES IN AND CLAIMS OVER 40 LIVES IN TARKWA
Ghana News

MIREKU DUKER’s MINE CAVES IN AND CLAIMS OVER 40 LIVES IN TARKWA

September 14, 2023
Akufo Addo Has Directed the Police Intelligence Unit to Ransack the Homes of Ato Forson, Bernard Mornah, and Rex Omar
Ghana News

Akufo Addo Has Directed the Police Intelligence Unit to Ransack the Homes of Ato Forson, Bernard Mornah, and Rex Omar

September 10, 2023
NDC COMMUNICATOR WORKS AGAINST THE NDC ON THE NPP BOANKRA $33.3 MILLION SCANDAL
Ghana News

NDC COMMUNICATOR WORKS AGAINST THE NDC ON THE NPP BOANKRA $33.3 MILLION SCANDAL

September 2, 2023
NDC COMMUNICATOR WORKS AGAINST THE NDC ON THE NPP BOANKRA $33.3 MILLION SCANDAL
Ghana News

NDC COMMUNICATOR WORKS AGAINST THE NDC ON THE NPP BOANKRA $33.3 MILLION SCANDAL

September 1, 2023
-THE NEW TEMA HABOUR- EXPOSING THE NPP JANDAM WITH FACTS
Ghana News

-THE NEW TEMA HABOUR- EXPOSING THE NPP JANDAM WITH FACTS

August 29, 2023

About Us

LOGO

Loud Silence Radio & TV Network and is a multi media production company focusing on Ghanaian and African news.

Contact

  • Alexandria, Virginia, USA
  • +1 212-602-9641
  • loudsilenceradio@gmail.com
Facebook Twitter Youtube Linkedin

Download App

google play store

© 2021 Loud Silence Media. All rights reserved.

  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
Menu
  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.