Arsenal’s first-team players and head coach Mikel Arteta have agreed to a pay cut to help with the financial impact of the COVID-19 pandemic.

The Premier League club said the “voluntary agreement” sees those involved having their annual earnings reduced by 12.5%.

The club’s core coaching staff are also among those taking cuts to their pay.

If the Gunners hit certain targets on the pitch, the club says “agreed amounts” will be paid back.

“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,” Arsenal said.

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