Arsenal star Mesut Ozil has reportedly refused the club’s request to take a pay cut on his £350,000-a-week wages to ease the Gunners’ financial worries during the coronavirus pandemic.
The Gunners released a statement on Monday afternoon to confirm that the first team squad and Mikel Arteta’s coaching staff had agreed to a 12.5% pay cut for the next 12 months. The agreement states that the club would repay the money in full if Arsenal qualify for the Champions League this season or next, while all players would receive a £100,000 bonus for finishing in the top four.
Qualification for the Europa League would see the squad reimbursed 7.5% of their pay cut, while any player sold for profit would have his money refunded. (Text and photo courtesy Metro)