Click on the different category headings to find out more and change our default settings. All information these cookies collect is aggregated and therefore anonymous. We had hoped these savings would be used to ensure all Arsenal staff are looked after in these difficult times“It’s hard out there for people so you want them to get the best financial package possible, and if that means there is an opportunity for ownership and players to play a part, who’s going to say no?

“These proposed changes are ultimately 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 joint statement was from head of football Raúl Sanllehi and managing director Vinai Venkatesham, with Sanllehi in particular a key figure with regards to Arsenal’s recruitment during the transfer window.The timing of this announcement has therefore led to a backlash on social media, as the club are said to be negotiating a new contract for captain Aubameyang, while also looking to tempt soon-to-be free agent Willian away from Chelsea with a three-year deal.‘The Price of Football’ author and university lecturer Kieran Maguire wrote: “Arsenal announce 55 redundancies, which at an average salary of (say) £35k a week will save just under £2m from their wage bill which was £232 million last season.

When bonuses, a signing-on fee and loyalty payments over the three years are included, it will amount to £220,000 per week, or around £35m over the course of his contract. The Premier League club, who pocketed a £3.6m winners’ cheque after Arsenal earned £96m from matchday revenue in 2018-19, nearly a quarter of their total income, and the prospect of stadiums operating at full capacity next season appear slim.The club said the financial impact of the coronavirus will continue into at least the 2020-21 campaign, despite voluntary pay-cuts from players and staff as well as “significant financial support” from owners Kroenke Sports & Entertainment.“Unfortunately,” the statement continued, “we have now come to the point where we are proposing 55 redundancies.”The club added: “We do not make these proposals lightly and have looked at every aspect of the club and our expenditure before reaching this point. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. © 2020 JPIMedia Publications Ltd.that staff members potentially being let go must be supported financially due to the difficultly of finding new work during a pandemic which has led to job cuts across numerous industries. You want those 55 looked after.”A statement from Arsenal Supporters’ Trust added: “AST is sad to see the news that 55 members of staff are to be made redundant. If you do not allow these cookies, you will experience less targeted advertising.

They do not store directly personal information, but are based on uniquely identifying your browser and internet device. We will be contacting Arsenal to stress these points.”Back in February, Arsenal announced a £27.1m loss for the year ending 31 May 2019, with the lack of Champions League football impacting the club financially.The club’s chairman at the time, Sir Chips Keswick, who has since retired, said: “Another season outside the Champions League will continue to apply pressure to our financial results.”Arsenal’s FA Cup final victory over Chelsea last Saturday means they will play Europa League football next season, their fourth straight campaign without the Champions League.All rights reserved. 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.Since EPL started in 1992 Arsenal total wage bill is £2,525,000,000. “Arsenal have just qualified for Europe for a 25th consecutive season, have an owner with a net worth of $8.3billion, have offered Willian a three-year contract on a reported £7.5million per year (plus those juicy agent fees), but make 55 staff redundant. Not really sure how this moves the needle on cost saving for the club, or how this is the best way to save that money. In 2020, Gholston will earn a base salary of $4,750,000, while carrying a cap hit of $4,750,000. Partnered with the USA TODAY Sports Media Group  |  Powered by Cincinnati (CIN) exercised a $9.954 million option for 2020Signed a 4 year $9.705 million contract with Cincinnati (CIN)Cincinnati (CIN) exercised a $9.954 million option for 2020Signed a 4 year $9.705 million contract with Cincinnati (CIN)

You can set your browser to block or alert you about these cookies, but some parts of the site will not then work.These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. Also, by disabling these cookies you will also disable banner ads served by Google Adsense on this website..For more information about these items, view our complete privacy policy.William Jackson signed a 4 year, $9,705,644 contract with the Cincinnati Bengals, including a $5,258,650 signing bonus, $7,482,147 guaranteed, and an average annual salary of $2,426,411. Arsenal earned £3.6m for winning the FA Cup and qualified for Europa League next season worth up to £40m.”Journalist Colin Millar echoed this sentiment, highlighting Kroenke’s net worth stands at $8.3bn – which would pay the UK average wage to 55 people for approximately 4,300 years – while the proposed Willian contract is worth a reported £100,000-a-week and £7.5m per year.55 redundancies is something like £1-2m. Awful, awful stuff,” Arsenal Supporters’ Trust board member Akhil Vyas told “It’s a real opportunity for owners and players to get involved here, support the people that are being made redundant,” he said.“Helping people find new roles, all that can be done and probably will be done, but I think mostly it’s financially, especially at the moment where there are less jobs out there. Are 55 redundancies of back room staff justified?

Willian has confirmed his departure from Chelsea ahead of his expected move across London to join rivals Arsenal.. We use cookies to offer you a better browsing experience, analyze site traffic, & serve targeted ads. Willian’s basic weekly salary will be lower than at Chelsea, but once a huge signing-on fee is factored in , Arsenal will pay 32-year-old former Chelsea star an astonishing £220,000-a-week on a three year contract once he completes free transfer. Certainly, the rest of 2020 it’s going to be very difficult. We had hoped these savings would be used to ensure all Arsenal staff are looked after in these difficult times.“It is also really important that those staff let go are given as much support as possible in terms of their redundancy package.