Skip to content
Plus234Feed

Arsenal to Cut 60 Jobs Despite Strong Financials

Business
Arsenal to Cut 60 Jobs Despite Strong Financials

Arsenal has announced plans to eliminate about 60 jobs as part of a cost-saving initiative, as reported by The Athletic. This decision comes shortly after manager Mikel Arteta signed a new contract that extends until June 2030.

The job cuts will affect various departments but will not impact the coaching staff, performance teams for both the men's and women's sides, the academy, the Arsenal Foundation, security personnel, or workers dedicated to the women's setup. A consultation process is currently underway, and the final decision may change.

Despite the club's strong financial health, including a reported overall loss of £1.4 million and record revenues of £691 million for the 2024-25 campaign, the cuts are part of a broader review of operations. This marks the second significant round of job losses since Kroenke Sports & Entertainment took full ownership of Arsenal, following a previous proposal for 55 redundancies in August 2020 due to the financial impact of the COVID-19 pandemic.

Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.

Read full article

Continue on Punch Newspapers

Visit
Share

Get the week in one email

Top stories, NPFL results, the naira, every Friday morning. Free, one email a week.

Free · one email per week · unsubscribe anytime

Related Stories

Get Plus234Feed on messaging apps

Same headlines, delivered where you already scroll.