Arsenal stars ‘agree 12.5 per cent pay cuts’ but will receive £500k each by winning Champions League in bonkers bonus
ARSENAL stars have reportedly agreed to accept a 12.5 per cent pay cut - but as part of the deal they will receive £500,000 EACH if they win the Champions League in 2021.
Gunners players previously fought to be paid in full, although were willing to have their wages deferred.
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Arsenal's players will earn back their 12.5 per cent pay-cut if they qualify for next season's Champions League.
The North Londoners currently sit NINTH in the Premier League, five points adrift of the fifth place they'll need - due to Manchester City's two-season ban.
But if they manage to overturn the deficit, they will not only earn their wages back, but they will be given £100,000 each.
Just qualifying will see them claw back 7.5 per cent of their total wages, meaning they only lose out on five per cent in total.
Arsenal's players and boss Mikel Arteta are said to have held a meeting on Wednesday evening to hammer out the deal.
If the proposed plan goes ahead, Arsenal will become the first Premier League side to agree to wage cuts amidst the coronavirus pandemic.