Manchester United will not enter negotiations with players to agree to wage deferrals or cuts amid the coronavirus outbreak and the suspension of the Premier League.
The Red Devils had the highest wage bill in the division for the 2018-19 season but they are set to absorb a hit of over £20m without reducing player salaries.
United's decision comes after Arsenal players agreed in principle to a 12.5% wage cut on Friday, becoming the first Premier League team to do so.
However, the club's stance may be revised if the club is forced to repay television money for unplayed games or if matches next season are played behind closed doors, according to the Daily Telegraph.
After earning on average £4.26m per home game last season, the Old Trafford club are set to lose £21.3m from their remaining five home games if the season is finished behind closed doors.
United are yet to play Sheffield United, Bournemouth, Southampton and West Ham United at home in the Premier League and face LASK Linz in the home leg of their Europa League last 16 tie.
With United 5-0 up after the first leg against LASK and with one foot in the quarter-finals, more match-day income is expected to be missed out on as they go deeper into the competition.
The Red Devils are also taking the hit of refunding season ticket holders for matches missed this season, either in cash or against the price of 2020-21 campaign tickets based on the number of games remaining.
Those who have already paid for general tickets and VIP packages will also be refunded.
The club is also confident it can take this financial hit despite not furloughing any staff and all 940 employees continue to be paid in full.
Club captain Harry Maguire remains in weekly dialogue with vice-executive chairman Ed Woodward about the situation surrounding potential wage cuts or deferrals.
