A report by the Telegraph, stated that, players of Arsenal Football Club have refused a club request to take a 12.5 percent wage slash for a year, with an incentive that the money would be returned to a player if a new individual deal was signed in the future.
As of recent Arsenal wage bill is estimated to be just under €265 million per annum. The club would have saved around €30 million had their players agreed to the proposal.
However, despite the coronavirus outbreak the Professional Footballers’ Association (PFA) has advised players not to take cuts.