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Arsenal to cut 55 jobs due to financial damage from pandemic

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LONDON – Arsenal is cutting 55 jobs due to the financial damage caused by the coronavirus pandemic, which has seen fans shut out of stadiums.In a statement issued Wednesday, head of football Raul Sanllehi and managing director Vinai Venkatesham pointed to severe drops in broadcast revenue.They also moved to assure supporters that investment into the team will continue, despite the loss of jobs, which will come across some soccer departments as well as commercial and administrative roles.“In line with other football clubs and many other businesses operating in the sport, leisure and entertainment arena, we have been impacted directly by COVID-19,” Sanllehi and Venkatesham said in the statement. “Our main sources of income have all reduced.

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