Well, looks like I read into the Arsenal news with a little more hope than really existed.
We know what the players have been asked to do, but according to those in the know, it’s a long way off. If you can’t agree 12.5%, what hope do you have?
Seems like the tactic of many of the players in the league is to go-slow the negotiations. By the time they come to an agreement, the football will be back in business.
In a normal private company, you are given a pay cut and that’s that. Footballers are slightly different because they have agreed contracts. I suspect the issue with mandatory pay cuts is that the players have to sign a new deal. If they don’t agree and the club implement lower wages, the players can exit their deals for free (amateur guess).
A tough scenario. It’s going to be difficult for Arsenal to pull the poverty card. We have the second-highest cash position in the league and as of now, the TV companies have held strong and not asked for a refund. Though DAZN have asked the Premier League to defer payments for their streaming service that holds rights in Brazil, Canada, Japan and Spain.
Rumblings from some of the supporters groups suggest that the club are in big trouble. The season would have about 3 weeks to run normally. The season ticket renewals for next season would be going on sale right about now, we’d be hearing murmurings of a major summer of transfers, and we’d be praying we make the top 4. None of that cash is forthcoming.
Even more worrying for Arsenal, there will have been next to no commitments for the fancy seats next season. Corporates would be nuts to invest money in hospitality in crowded places. That’ll be an interesting one to watch. How long until that rebounds when we come out the other end?
Even worse, Arsenal makes a shedload of cash from ticketing. £90m a season. We’re running the risk that not only might we lose £37.5m in TV money, we might have to refund the remaining games of this season to the fans and potentially come to a deal with cash strapped sponsors.
TOUGH TIMES AHEAD.
So, I retract my excitement that Arsenal players were about to do us proud. It would seem that negotiations are ongoing. I would hope that at the very least, the club ensures that the non-sport workers are looked after. That seems a priority that many clubs smaller than us have seen to.
Let’s hope this week sees some better news. Hopefully, the UK can bend the curve, continue to keep hospital beds open, and start planning a way back to normality.
Stay safe. x