Mr Knight also wrote to Richard Masters, the Premier League chief executive, to ask him "to broker an agreement between member clubs to change their approach
He added that he had proposed that the Treasury "pursue a means of financial redress whereby the Exchequer recoups a proportion of the money that clubs are paying to players."
The Premier League does not set the wages of players, who are employed by the clubs, but government sources believe that Mr Masters and his colleagues need to show leadership by publicly advocating a blanket cut
https://news.sky.com/story/coronavirus-premier-league-chiefs-push-for-big-player-pay-cut-11967686
There we have it,so the gov can get their hands on money
Are the prem bosses,fa bosses,any football bodies going to take a pay cut or hand over money,i doubt it