Arsenal plan 55 redundancies ‘to enable us to continue to invest in the team’ | The Guardian

Club feeling impact of Covid-19 on revenueArsenal have also refinanced stadium debtArsenal have announced plans to make 55 redundancies after encountering financial difficulties because of the coronavirus pandemic.A joint statement from the club’s managing director, Vinai Venkatesham, and their head of football, Raúl Sanllehí, argued the proposal to cut jobs was necessary as Arsenal, whose largest shareholder is the American businessman Stan Kroenke, have suffered severe drops in commercial and matchday revenue. Continue reading…

• Club feeling impact of Covid-19 on revenue
• Arsenal have also refinanced stadium debt

Arsenal have announced plans to make 55 redundancies after encountering financial difficulties because of the coronavirus pandemic.

A joint statement from the club’s managing director, Vinai Venkatesham, and their head of football, Raúl Sanllehí, argued the proposal to cut jobs was necessary as Arsenal, whose largest shareholder is the American businessman Stan Kroenke, have suffered severe drops in commercial and matchday revenue.

Continue reading…