Connect with us

Sports News

Arsenal To Sack 55 Staff As COVID-19 Hits Revenues

Published

on

Arsenal To Sack 55 Staff As COVID-19 Hits Revenues

As a result of the financial impact of the Coronavirus pandemic, Arsenal have announced plans to layoff 55 staff less than a week after winning the FA Cup to secure their place in next season’s Europa League.

In a statement by the club stated that “revenue from broadcasters, matchday and commercial activities have all been hit severely and these impacts will continue into at least the forthcoming 2020/21 season.”

READ:  US Coronavirus Death Toll Passes 1,000 As Senate Approves $2 Trillion Rescue Package

The club said they had done all they could to reduce costs, including players, senior staff and executive team members taking voluntary pay cuts, adding “but it is now clear that we must reduce our costs further to ensure we are operating in a sustainable and responsible way.

READ:  Igali Banks On Oborududu, Onyebuchi, As Battle For Medals Begins In Budapest

The decision however sparked an immediate social media backlash from fans contrasting the huge sums involved with keeping key players to the lost jobs of staff at the north London outfit. Former Germany international Mesut Ozil, who has not played since before lockdown, earns around 350,000 pounds a week

READ:  Israel To Allow Entry To Rashida Tlaib For 'Humanitarian' Visit, Reversing Earlier Ban

At the moment the club is trying to negotiate a multi-million pound contract extension with striker Pierre-Emerick Aubameyang by offering him 300,000 pounds-a-week deal.

Arsenal are also bidding to lure Chelsea forward Willian to the club, also on a huge weekly wage.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sports News

Frank de Boer Replaces Ronald Koeman As Netherlands Coach

Published

on

By

Frank de Boer Replaces Ronald Koeman As Netherlands Coach

Frank de Boer has been given a two-year contract as Netherlands head coach to replace Ronald Koeman.

Frank de Boer won 112 caps and played at two world cups for the Netherlands.

READ:  Seven Wrestlers Inducted Into NWF Club

Former defender de Boer, who also played for Barcelona and ajax, won a record four successive Dutch league titles as coach of ajax between 2011 and 2014.

READ:  Liverpool Reverse Decision To Furlough Staff After Fierce Criticism

Continue Reading

Sports News

Barcelona Agree To Sell Striker Luis Suárez To Atlético Madrid

Published

on

By

Barcelona Agree To Sell Striker Luis Suárez To Atlético Madrid

Barcelona have agreed to let striker Luis Suarez join La Liga rivals Atletico Madrid.

The Uruguayan agreed terms on a reduced salary with atletico after a move to Juventus fell through because of passport issues.

READ:  NBA Changing All-Star Game Format, Adding A Kobe Bryant Tribute

Reports say Barcelona chairman Josep Maria Bartomeu blocked the deal because he did not wish to sell to a Spanish rival.

But, after meeting with Suarez’s representatives, the Catalan club backed down, with the striker threatening to air his grievances to the media.

READ:  Teslim Balogun Stadium Almost Ready For AFCON Qualifier - Adeyinka

Suarez will earn half of the 30m euros a year he earned at Barcelona

Continue Reading

Sports News

Zlatan Ibrahimovic Tests Positive For Coronavirus, AC Milan Confirm

Published

on

By

Zlatan Ibrahimovic Tests Positive For Coronavirus, AC Milan Confirm

Continue Reading

Trending

Copyright © 2018 African News Network. All Rights Reserved.

%d bloggers like this: