Premier League champions, Arsenal, have told employees that the club plans to cut about 60 jobs as part of a cost-saving drive, barely a week after manager, Mikel Arteta, signed a new contract that runs until June 2030 and months after the Gunners won their first league title in 22 years.
The Athletic reported on Wednesday that the club informed staff of its intention to make 60 positions surplus to requirements, in a bid to make significant savings, with the cuts spread across a number of departments.
“The coaches will be among the departments unaffected, along with the performance backroom teams for the men’s and women’s sides, the academy, the club’s community operation, the Arsenal Foundation, security personnel and workers dedicated to the women’s setup, A consultation is underway and the decision could yet be subject to change.” The Athletic reported
The plan comes despite the club’s strong financial position, It also follows encouraging financial results for the 2024-25 campaign.
In February, the club reported an overall loss of just £1.4 million while recording record revenues of £691 million, according to accounts filed at Companies House.
The biggest rise came in commercial income, which climbed from £218.3 million to £263.2 million, helped by the naming-rights deal for the training ground with Sobha Realty.
On the pitch, Arteta led the club to the Premier League title last season, ending a 22-year wait, and Arsenal also reached the Champions League final, where they lost to Paris Saint-Germain on penalties.
The club announced Arteta’s new contract on October 7, which runs until 2030 and is believed to make him the highest-paid coach in the Premier League.
The cuts would be the second round of large-scale job losses since Kroenke Sports & Entertainment took full ownership of the club. In August 2020, Arsenal proposed 55 redundancies, citing the financial impact of the COVID-19 pandemic
The latest plans form part of a broader review of the club’s operations after a successful period on the pitch and improved financial figures off it.