Arsenal set to make 55 redundancies ‘to take club forwards’ after impact of coronavirus pandemic

Lawrence Ostlere
Wednesday 05 August 2020 14:25
Comments
Arsenal say they have been badly impacted by the pandemic
Arsenal say they have been badly impacted by the pandemic

Arsenal are set to make 55 redundancies among club staff in an effort to “take the club forwards” from the coronavirus pandemic.

In a joint-statement by the club’s head of football Raul Sanllehi and managing director Vinai Venkatesham, the club said it had been badly affected by the loss in broadcast revenues and matchday income during lockdown.

“The pandemic represents one of the most challenging periods in our 134-year history and we have responded promptly by implementing wide-ranging measures to reduce our costs,” they said. “Our players, senior football staff and executive team have volunteered pay cuts, we have stopped pretty much all of our capital spending, and our discretionary operating expenditure has been strictly controlled.

“We have also received significant financial support from our owners, Kroenke, Sports & Entertainment in terms of refinancing our stadium debt.”

However, the club said they had major concerns over the long-term outlook, with the Emirates Stadium unlikely to be anywhere near full for the foreseeable future.a

“It is now clear that we will be facing more significant and longer-lasting reductions in our revenue than we all hoped. Current indications are that we will not have fans back at Emirates Stadium for the start of next season and fans will only be able to return in limited numbers after that. The global economic projections are also very negative.”

They added: “Our aim has been to protect the jobs and base salaries of our people for as long as we possibly can. Unfortunately, we have now come to the point where we are proposing 55 redundancies.

“We do not make these proposals lightly and have looked at every aspect of the club and our expenditure before reaching this point. We are now entering the required 30-day consultation period on these proposals.

“We know this is upsetting and difficult for our dedicated staff and our focus is on managing this as sensitively as possible.”

The statement said the proposal was made to ensure ”we have the resources to return to competing effectively at the top of the game here and in Europe”.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in