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An update from your club.
Posted by: Boston Gooner (IP Logged)
Date: 05 August, 2020 14:39

Throughout the COVID-19 pandemic we have been working hard to ensure that Arsenal Football Club emerges in a robust and strong position for the future.

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.

Our main sources of income have all reduced significantly. 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.

The pandemic represents one of the most challenging periods in our 134-year history and we have responded promptly by implementing wide-ranging measures to reduce our costs. Our players, senior football staff and executive team have volunteered pay cuts, we have stopped pretty much all of our capital spending, and our discretionary operating expenditure has been strictly controlled.

We have also received significant financial support from our owners, Kroenke, Sports & Entertainment in terms of refinancing our stadium debt.

These steps have all reduced the impact of the pandemic on the club and have helped us continue to maintain investment in the team. This will continue to be a key priority.

It is now clear that we will be facing more significant and longer-lasting reductions in our revenue than we all hoped. 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 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.

We all hope there will be no “second wave” but we also need to accept that is one of the many uncertainties ahead of us and plan accordingly.

Over recent years we have consistently invested in additional staff to take the club forward but with the expected reduction of income in mind, it is now clear that we must reduce our costs further to ensure we are operating in a sustainable and responsible way, and to enable us to continue to invest in the team.

Our aim has been to protect the jobs and base salaries of our people for as long as we possibly can. Unfortunately, we have now come to the point where we are proposing 55 redundancies.

We do not make these proposals lightly and have looked at every aspect of the club and our expenditure before reaching this point. We are now entering the required 30-day consultation period on these proposals.

We know this is upsetting and difficult for our dedicated staff and our focus is on managing this as sensitively as possible.

These proposed changes are ultimately about ensuring we take this great football club forward, creating the right organisation for a post-Covid world, and ensuring we have the resources to return to competing effectively at the top of the game here and in Europe.

Raúl Sanllehi, Head of Football
Vinai Venkatesham, Managing Director



https://i.postimg.cc/dtJGMW0K/roastspurs.gif

Re: An update from your club.
Posted by: Gunnersingh1 (IP Logged)
Date: 05 August, 2020 14:44

I've seen people tweeting Ozil and blaming him. These morons on twitter make me sick!

Re: An update from your club.
Posted by: Flava (IP Logged)
Date: 05 August, 2020 14:49

Flipping Ozil's fault!!!!

It's unfortunate for those 55 and my heart goes out to them.

Re: An update from your club.
Posted by: goonerred (IP Logged)
Date: 05 August, 2020 14:52

I was going to say, I hope Ozil is one of the 55, but I daren't now.😨

Re: An update from your club.
Posted by: Merlion96 (IP Logged)
Date: 05 August, 2020 15:19

Quote:
Flava
Flipping Ozil's fault!!!!
It's unfortunate for those 55 and my heart goes out to them.

Nope.
Ivan Gazidis and Arsene Wenger's fault.



Nihilism: 'An examination of the meaning of meaninglessness: why it matters that nothing matters'

Re: An update from your club.
Posted by: Flava (IP Logged)
Date: 05 August, 2020 15:49

It’ll save then £3m a year perhaps, if only we hadn’t given Kia about £40m

Re: An update from your club.
Posted by: Shane (IP Logged)
Date: 05 August, 2020 16:14

Very sad. I hope nobody here is affected occupationally by the virus.

Re: An update from your club.
Posted by: Padre Pio (IP Logged)
Date: 05 August, 2020 16:30

Its bloody awful, time Stan dug deeper.



"When we had to suffer the team is a lion because they suffer together." 4 July 2020 at Wolverhampton Wanderers
Arteta on his team's first away victory at a club above them in the Premiership since September 2015 at Leicester.

Re: An update from your club.
Posted by: mapleleafgooner (IP Logged)
Date: 05 August, 2020 16:34

Arsenal's head of international recruitment, Francis Cagigao, is being released. He is part of the 55 employees being released to combat the revenue loss caused by the coronavirus pandemic. This will also increasingly move Arsenal towards a transfer model that is agent led.

Re: An update from your club.
Posted by: Boston Gooner (IP Logged)
Date: 05 August, 2020 16:35

Quote:
Padre Pio
Its bloody awful, time Stan dug deeper.



https://i.postimg.cc/dtJGMW0K/roastspurs.gif

Re: An update from your club.
Posted by: CazOnARola (IP Logged)
Date: 05 August, 2020 17:11

Quote:
mapleleafgooner
Arsenal's head of international recruitment, Francis Cagigao, is being released. He is part of the 55 employees being released to combat the revenue loss caused by the coronavirus pandemic. This will also increasingly move Arsenal towards a transfer model that is agent led.
This is sic. This will become Kia s club now.

Re: An update from your club.
Posted by: djarse (IP Logged)
Date: 05 August, 2020 17:34

Good piece in the Independent about how outrageous this is:

[www.independent.co.uk]

Re: An update from your club.
Posted by: MattySadler (IP Logged)
Date: 05 August, 2020 17:35

Quote:
Boston Gooner
Quote:
Padre Pio
Its bloody awful, time Stan dug deeper.

Re: An update from your club.
Posted by: Flava (IP Logged)
Date: 05 August, 2020 17:37

Quote:
mapleleafgooner
Arsenal's head of international recruitment, Francis Cagigao, is being released. He is part of the 55 employees being released to combat the revenue loss caused by the coronavirus pandemic. This will also increasingly move Arsenal towards a transfer model that is agent led.

Didn’t he recommend Martinelli?

Re: An update from your club.
Posted by: MattySadler (IP Logged)
Date: 05 August, 2020 17:41

Quote:
Flava
Quote:
mapleleafgooner
Arsenal's head of international recruitment, Francis Cagigao, is being released. He is part of the 55 employees being released to combat the revenue loss caused by the coronavirus pandemic. This will also increasingly move Arsenal towards a transfer model that is agent led.

Didn’t he recommend Martinelli?

He gets credited with finding Fabregas and Bellerin and also recommending Pique and Messi, though all of whom were a part of Barcelona's La Masia academy. Gets credited with Martinelli as well, but he'd already had a trial with Man United so was clearly on club's radars.

Re: An update from your club.
Posted by: plonky (IP Logged)
Date: 05 August, 2020 20:04

Quote:
Merlion96
Quote:
Flava
Flipping Ozil's fault!!!!
It's unfortunate for those 55 and my heart goes out to them.

Nope.
Ivan Gazidis and Arsene Wenger's fault.

Are they both Covid-19 super-spreaders?

Re: An update from your club.
Posted by: Ares (IP Logged)
Date: 05 August, 2020 20:56

The club can send Ozil out on loan some where and split the bill for his wages.

If we can find a Premier League club to take him: that's not City, Manure, Tote or Leicster we might actually get some use out of him.

He could have the two league games against us off on full pay (paid for by us).

Personally I'd offer him to Everton. They would be in a stronger position to take points off our rivals. And we kind of have this thing where we do business with them.

Re: An update from your club.
Posted by: Boston Gooner (IP Logged)
Date: 05 August, 2020 21:26

He won't go on loan to another prem club.



https://i.postimg.cc/dtJGMW0K/roastspurs.gif



Edited 1 time(s). Last edit at 05/08/2020 21:26 by Boston Gooner.

Re: An update from your club.
Posted by: Padre Pio (IP Logged)
Date: 05 August, 2020 22:58

I hear Freddy wants a way



"When we had to suffer the team is a lion because they suffer together." 4 July 2020 at Wolverhampton Wanderers
Arteta on his team's first away victory at a club above them in the Premiership since September 2015 at Leicester.

Re: An update from your club.
Posted by: SuperRob (IP Logged)
Date: 05 August, 2020 23:30

Quote:
Flava
It’ll save then £3m a year perhaps, if only we hadn’t given Kia about £40m

I feel this Kia thing has been blown a bit out of proportion. I think we actually spent about £13m on agent fees last season, which is about right for the amount of transfer dealings we did. Some of that would have been on outgoings, like Iwobi, who I believe was represented by Joorabchian in his move to Everton.

Yes, we've signed a few players from Kia - Luiz, Mari, Cedric and now maybe Willian. We've also signed Tierney, Leno, Torreira, Saliba, Pepe, Martinelli and now maybe Gabriel and Partey who aren't represented by Kia and it looks like we're turning down Coutinho, despite him being represented by Kia. "Ah, but Pepe was represented by Jorge Mendes, who is also a super agent!" the argument goes. Well yes, all players have agents representing them. Or should we limit ourselves to only signing players who represent themselves or are represented by their parents or siblings? That's basically how we operated under Wenger and that meant transfer windows where we would wait until the last day and see who was left - Park, Sanogo, Kallstrom, Benayoun, Lichsteiner, Asano and I'm sure a load more that I'm forgetting.

I honestly don't see why it's such a bad thing that our executives are close to the people who have a big say on which clubs the best players end up choosing. As long as we retain the ability to make independent decisions, which it looks to me like we are doing, surely it's a good thing that we are now one of the clubs who is competing for these players. In the past, we could only get players who had no other club bidding for them. That has changed with this regime because of the relationships they have with the agents.

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