Arsenal confirm wage cuts among players due to coronavirus pandemic, but Mesut Ozil ‘rejects proposal’

Arsenal confirm wage cuts among players due to coronavirus pandemic, but Mesut Ozil ‘rejects proposal’
Football

Arsenal star Mesut Ozil has reportedly rejected the chance to cut his wages by 12.5 per cent.

On Monday, the Gunners announced first-team players, head coach Mikel Arteta and coaching staff had agreed to take a 12-month pay cut due to the coronavirus pandemic.

Mesut Ozil is Arsenal’s highest earner on £350,000-a-week

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Mesut Ozil is Arsenal’s highest earner on £350,000-a-week

But the Mirror claim Ozil, who is the club’s highest earner on £350,000-a-week, and two other Arsenal players have decided against taking a wage cut.

The report adds that the German playmaker wants to see the ‘full financial impact’ of the coronavirus outbreak before making a decision.

Earlier this month, Ozil’s agent, Dr Erkut Sogut, said: “Deferral is an option but not to agree a cut today when the clubs may still make the same profit as last year.

“What the exact financial impact is on the clubs, we can see three to six months later – but we can’t see it today.”

Arsenal have become the first Premier League club to agree on salary reductions after Gunners first-team players rejected the proposed pay cuts earlier this month.

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Everyone should do what they can to stop coronavirus spreading.

But this week, a club statement read: “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.

“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.

“Reductions of total annual earnings by 12.5 per cent will come into effect this month, with the contractual paperwork being completed in the coming days.

“If we meet specific targets in the seasons ahead, primarily linked to success on the pitch, the club will repay agreed amounts.

“We will be able to make those repayments as hitting these targets, which the players can directly influence, will mean our financial position will be stronger.

“The agreement is based on the assumption we will finish the season 2019/20 and receive the full broadcasting revenues.

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

“We are proud and grateful to our players and staff for pulling together to support our club, our people and our community in these unprecedented times which are some of the most challenging we have faced in our history.”