Premier League clubs tell players not to expect big money transfers this summer

Premier League clubs are warning their players they will not be able to afford to spend big this summer.

West Ham and Southampton are the only two clubs to have announced they have reached agreement on deferrals while several others are in deep discussions with players.

However, several clubs have told players they expect to see a big drop in their summer spending and they are being forced into making drastic savings during the coronavirus crisis.

It is becoming a matter of trust for the players who do not want to sign up for deferrals – only for the clubs then to spend big in the transfer market.

Several clubs have so far held of on discussions on deferrals because they do envisage spending money this summer and fear it would be a hard sell to the players.

Arsenal tried to get the players to sign up to a 12.5 per cent pay cut for a year – with the amount being repaid if they qualified for next season’s Champions League.

The compromise was rejected by Arsenal’s players and the club did try to make a follow up offer that the money would be repaid if the club qualified for the Champions League in the next TWO years.

They also offered to pay the money back to players if they were sold for a profit or they signed a new contract but Arsenal’s players are only likely to agree to deferrals.

Source: Read Full Article