Arsenal to sack 55 staff as COVID-19 hits revenues

The club said on Wednesday that the cuts were the result of the financial impact of the COVID-19 pandemic. The announcement 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.

"We do not make these proposals lightly and have looked at every aspect of the club and our expenditure before reaching this point. We have also received significant financial support from our owners, Kroenke, Sports & Entertainment in terms of refinancing our stadium debt. Arsenal finished eighth in the Premier League but their record 14th FA Cup triumph last Saturday ensured another year of European football and the possibility of earning up to 40 million pounds in the Europa League.

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