Arsenal outline plan to combat coronavirus crisis, Newcastle United inching closer towards takeover and more

Arsenal outline plan to combat coronavirus crisis

Arsenal outline plan to combat coronavirus crisis

The Gunners have given an update on the steps the North London club are taking to combat the financial effects of the coronavirus crisis on the side’s future.

Amid reports that Arsenal players have out rightly rejected a 12.5 percent pay cut, the Gunners released a statement on Wednesday morning to outline the steps the club are taking to secure their financial future amid the coronavirus crisis.

The Gunners claim in the statement that in an effort to cut down the day to day costs, the club’s executive team have volunteered to take a 33% pay cut over the next year. It also reports that the club has clamped down on discretionary operating expenditure and has stopped most capital spend.

As for the future of the non-playing staff, the statement assured that the club will continue to pay casual workers from the end of this month to the end of May. The matchday staff will be paid for the games that have been postponed and will be paid again once the games are re-arranged.

Lastly, the statement sheds light on the issue of players taking wage cuts. It claims that while the conversations are ongoing with Arsenal players, the club won’t speak on the matter until an agreement is reached.


Newcastle United inching closer towards takeover

Newcastle United inching towards takeover

According to a report by BBC, Newcastle United are inching closer towards a takeover by the Saudi Arabian sovereign wealth fund (SWF) headed by crown prince Mohammed bin Salman.

Financier Amanda Steveley, who made an unsuccessful bid to purchase the club in 2017, is leading the bid alongside Rueben Brothers to conclude an agreement that would see Mike Ashley sell Newcastle for a sum believed to be in the region of £300m.

Both the parties have lodged a 31-page charge agreement at Companies House to lay the legal groundwork for the deal to be concluded. The Premier League has also been informed of the development and it has started carrying out its own checks.

Provided the takeover happens smoothly, it would result in a huge sigh of relief from the Newcastle United faithful who have seen the club fall to unthinkable lows under the 13-year-and-counting ownership of billionaire retailer Mike Ashley.

Barcelona planning to offer Coutinho in swap deal for N’Golo Kante

Mundo Deportivo claims that with Barcelona set to let Arturo Vidal and Ivan Rakitic leave in the summer, they have identified the French World Cup winner as the man they want to sign.

However, those at the helm at the Camp Nou know how important Kante is for his current employers Chelsea. That is why they are ready to offer former Liverpool midfielder Philippe Coutinho as a part of the deal that would see the French defensive midfielder moving to Spain.

The Blues boss Frank Lampard is reportedly a fan of the Brazilian international who has scored 9 goals during his season-long loan at Bayern Munich. But with Barca continuing to rate Coutinho at over €100m, the Bavarian side won’t be looking to sign the midfielder permanently in the summer.

That leaves the door open for Chelsea who have reportedly been given an option by Barca to sign Coutinho on a one-year loan starting this summer. The Catalan side are adamant that the 27-year-old has no future at the Camp Nou and would like to offer him in a swap deal for Kante.

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