Sanllehi also highlighted the impact of Covid-19 on the club and said: “It is now clear that we will be facing bigger and more lasting cuts in our income than we all hoped”.
The statement read: “Throughout the COVID-19 pandemic, we have worked hard to ensure that Arsenal Football Club emerges in a strong and strong position for the future.
“In line with other football clubs and many other businesses operating in sports, recreation and entertainment, we have been directly affected by COVID-19.
“Our main sources of income have all declined considerably. Broadcaster revenues, game days and commercial activities have all been hit hard and these impacts will continue at least into the upcoming 2020/21 season.
“The pandemic represents one of the most difficult times in our 134-year history and we have responded quickly by implementing far-reaching measures to reduce our costs.
“Our players, our senior football executives and our management team have voluntarily reduced their salaries, we have stopped almost all of our capital spending and our discretionary operating expenses have been tightly controlled.
“We have also received significant financial support from our owners, Kroenke, Sports & Entertainment in terms of refinancing our stadium debt.
“These steps all reduced the impact of the pandemic on the club and helped us continue to invest in the team. This will continue to be a key priority.
“It is now clear that we will be facing larger and more lasting cuts to our income than we all hoped for.
“The current indications are that we will not have returning fans at Emirates Stadium for the start of next season and that fans will only be able to return in limited numbers thereafter. Global economic projections are also very negative. ”
The Gunners chief went on to detail the club’s intention to cut jobs, having invested heavily in behind-the-scenes staff over the years.
He added, “It will have an impact on the disposable income of our fans, on the money corporate clients have to spend on hospitality and sponsorship, and on the ability of broadcasters to invest in television rights.
“We all hope there won’t be a ‘second wave’, but we also have to accept that this is one of the many uncertainties that lie ahead and plan accordingly.
“Our goal has been to protect the jobs and base wages of our employees for as long as possible. Unfortunately, we are now at the point where we are proposing 55 layoffs.
“We don’t make these proposals lightly and have looked at every aspect of the club and our spending before we get to this. We are now entering the required 30 day consultation period on these proposals.
“We know this is overwhelming and difficult for our dedicated staff and our goal is to handle this with the greatest sensitivity possible.
“These proposed changes are ultimately aimed at ensuring that we move this great football club forward, creating the right organization for a post-Covid world and ensuring that we have the resources to return to effective competition at the top. gambling here and in Europe. “