Arsenal have announced plans to dismiss 55 employees due to the financial impact of the novel coronavirus (COVID-19) pandemic.
This was disclosed this in a statement jointly signed by Raúl Sanllehi, the club’s Head of Football
and Vinai Venkatesham, Managing Director, and published on its website on Wednesday.
The Gunners’ first-team players and head coach Mikel Arteta agreed a 12.5 per cent pay cut in April.
Arsenal’s executive team also agreed to waive more than a third of their salaries over the next 12 months.
The club, however, noted that while the aforementioned measures have helped reduce the impact of the pandemic on the club, it stated that the decline in revenue from broadcasters, matchday and commercial activities due to COVID-19 has “hit severely” the club finances.
The statement noted that the club is facing one of the “most challenging periods” in their history, with the pandemic creating “more significant and longer-lasting reductions in our revenue than we all hoped”.
The statement read: “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 know this is upsetting and difficult for our dedicated staff and our focus is on managing this as sensitively as possible.”
Arsenal added that the proposed changes are about “ensuring we take this great football club forward, creating the right organisation for a post-Covid world, and ensuring we have the resources to return to competing effectively at the top of the game here and in Europe”.
The proposals will now enter a 30-day consultation period.