Coronavirus: Arsenal offers 55 layoffs amid financial difficulties | Football News

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“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. “- statement

Last updated: 05/08/20 15:17 pm

Arsenal have confirmed they are proposing 55 layoffs due to the impact of the coronavirus pandemic on the club’s finances.

In a statement on the club’s website on Wednesday, football manager Raul Sanllehi and general manager Vinai Venkatesham said one of the main reasons the cuts were being made was to “keep investments in the team” .

The 2019-20 Premier League season was put on hold in March, before finally resuming – without supporters in the stadiums – in June, leaving the clubs without one of their main sources of income.

The club also mentioned that broadcaster revenues, matchdays and business operations have also been disrupted and will continue to have an impact ahead of the next 2020/21 campaign.

And while players, football’s senior executives and the management team have already volunteered to take pay cuts, capital spending has ceased, and discretionary operating spending has tightened, it doesn’t seem still not have been enough.

The press release said, “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. ”

The club also revealed that they have received “significant financial support” from their owners, Kroenke Sports & Entertainment, in terms of refinancing the stadium’s debt.

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