35.2 C
Ilorin
Monday, December 4, 2023

Support a life

Arsenal To Cut Jobs As Coronavirus Bites

You can now read in English, Yoruba, Igbo and Hausa. Click translate button!

Adeyemi Kehinde
FA Cup winners Arsenal announced on Wednesday they were planning to cut 55 jobs due to the damaging effect of the coronavirus pandemic on the club’s finances.
The Premier League outfit said their main sources of income had all been hit, including broadcast revenue, matchday takings, and commercial activity.
Players and management have taken pay cuts during the COVID-19 lockdown but the club said further savings were needed to weather the storm.
“Our aim has been to protect the jobs and base salaries of our people for as long as we possibly can,” said a statement signed by the head of football Raul Sanllehi and managing director Vinai Venkatesham.
“Unfortunately, we have now come to the point where we are proposing 55 redundancies.”
Arsenal, who failed to qualify for the lucrative Champions League, said the outlook was bleak.
“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 statement said.
“The global economic projections are also very negative.
“This will impact the disposable income of our fans, the money corporate clients have to spend on hospitality and sponsorship, and the ability for broadcasters to invest in TV rights.”

Receive Alerts on: Whatsapp: +2348102005064, Twitter: @marsteinnews
Share your story with us: Whatsapp: +2348102005064, Email: news@marsteinnews.com

Maruf Ajimatihttps://marsteinnews.com
Maruf Ajimati is the Chief Editor of the Marstein News which is aimed at publishing both local and international information in a justified, and accurate manner in the Federal Republic of Nigeria.

Related Articles

Never Give Up, A Poem

Don't stop till you reach the top,Allow not your mind to be clouded,With desolation of the blinding days,With a spring always walk...

In the Beginning – Review

Hello! Hellooo! Hellooooo! Happy New Month Everybody! I am so excited, Q1 of 2021 is ending.

Nigerian Governors have rejected store up of COVID-19 palliatives.

Biodun Bakare Nigerian Governors have rejected  store up of COVID-19 palliatives. The governors reject this  in response  to the looting of diverse  warehouses all over the country  after the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

564FansLike
3,987FollowersFollow
1,097SubscribersSubscribe
- Advertisement -

Latest Articles

Never Give Up, A Poem

Don't stop till you reach the top,Allow not your mind to be clouded,With desolation of the blinding days,With a spring always walk...

In the Beginning – Review

Hello! Hellooo! Hellooooo! Happy New Month Everybody! I am so excited, Q1 of 2021 is ending.

Nigerian Governors have rejected store up of COVID-19 palliatives.

Biodun Bakare Nigerian Governors have rejected  store up of COVID-19 palliatives. The governors reject this  in response  to the looting of diverse  warehouses all over the country  after the...

#EndSARS:Lagos state commence investigation on lekki toll gate .

Biodun Bakare The Lagos State governor, babatunde Sanwo-Olu , says that the Justice Doris Okuwobi-led Judicial Panel of Inquiry and Restitution set up last Monday to...

Ilorin looting: Kwara state Governor announces curfew

The Kwara state governor, AbdulRahman AbdulRazaq has declared a 24hrs curfew starting at midnight on Oct. 24th. This announcement came moments ago on the...
Translate ยป