MESUT OZIL has refused to take a 12.5 per cent pay cut at Arsenal. Apr 21, 2020 ... Arsenal’s first-team players and head coach Mikel Arteta have agreed a pay cut … try again, the name must be unique try again, the name must be unique Please {{#sender.isSelf}} Start your Independent Premium subscription today.Are you sure you want to mark this comment as inappropriate?Independent Premium Comments can be posted by members of our membership scheme, Independent Premium. The most insightful comments on all subjects try again, the name must be unique The 31-year-old would still take home more than £306,000 per week before tax if he were to agree to the salary reduction.Ozil’s agent Erkut Sogut refused to comment on the matter on Monday, but has previously spoken of his opposition to complete pay cuts among the playing squad.“Deferral is an option but not to agree a cut today when the clubs may still make the same profit as last year,” Sogut said earlier this month.“What the exact financial impact is on the clubs, we can see three to six months later - but we can’t see it today.”Ozil is actively involved in donating to a number of charities himself, with the 92-cap Germany international memorably using his wedding with wife Amine to pay for 1,000 children to have life-changing surgery, as well as providing food for 100,000 homeless people at 16 refugee camps and shelters in Turkey and Syria. Mesut Ozil is the club’s highest earner on £350,000-a-week.

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. continue to respect all commenters and create constructive debates. You can also choose to be emailed when someone replies {{#replies}} Due to the sheer scale of this comment community, we are not able to give each post Our journalists will try to respond by joining the threads when Log in to update your newsletter preferencesPlease Independent Premium. The resulting savings will help cover some of the financial risks we have this season in relation to our matchday and commercial income.”The club’s executive team have voluntarily waived more than a third of their earnings over the next year to cope with what they called “one of the most challenging periods in our near 134-year history.”Owners Kroenke Sports & Entertainment have already indicated they “are fully committed to supporting Arsenal through”.Arsenal’s annual wage bill is in the region of £230m, but although that will now be significantly reduced, there are still fears that the club will need a significant cash injection from Kroenke in order to avoid major financial issue in the coming years - something the the American billionaire has not been keen to do during his tenure as majority shareholder.Email already exists. If we meet specific targets in the seasons ahead, primarily linked to success on the pitch, the club will repay agreed amounts. "The staff will receive 7.5 per cent back if they reach the Europa League.But will be hit by the full 12.5 per cent if they do not qualify for Europe.The club statement said: “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. "What the exact financial impact is on the clubs, we can see three to six months later - but we can't see it today. As part of the agreement, Arteta has also agreed to the salary reduction, having played a key role in negotiating the measure between club and players after something of a stand-off in recent weeks.However, he could not get Ozil on board with the reduction, with the £350,000-a-week midfielder choosing to wait for more clarity over how the financial implications on clubs will play out before making a decision.Ozil has not ruled out taking a pay cut in the future if the situation plays out in a way that the move becomes unavoidable, but though he has expressed his respect for the rest of the squad’s decision, he has asked them to do the same with his. "Deferral is an option but not to agree a cut today when the clubs may still make the same profit as last year. "It's east to target these 'greedy' Premier League players - but many players do so much for charity. Please Mesut Ozil among three Arsenal players to reject pay cut despite earning £350,000 a weekThe reduction has been agreed “to help cover some of the financial risks” being posed by the outbreak of Covid-19, which has seen all games suspended since Arsenal manager Mikel Arteta was diagnosed with coronavirus nearly six weeks ago. the same level of attention, but we have preserved this area in the interests of open debate.

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