From BBC Sport · · 40s
Arsenal Cuts 60 Jobs to Achieve Success
Arsenal boss Mikel Arteta says job cuts were made to 'achieve the success we want to create'.
In brief
Arsenal boss Mikel Arteta says job cuts were made to 'achieve the success we want to create'. Arsenal cut 60 jobs to fund Premier League success after Arteta's four-year contract extension. Originally reported by BBC Sport.
Arsenal job cuts
Arsenal boss Mikel Arteta says club cut 60 jobs to 'achieve the success we want to create'.
“this question is not for me”
Contract extension
Arteta signed four-year deal with £10m salary increase and £5m bonuses.
Job cuts impact
Cuts affect up to 7% of 871 permanent staff excluding coaching and performance roles.
Financial results
Arsenal recorded £691m revenue but £1.4m loss with operating costs rising to £200.8m.
The bottom line
Arsenal cut 60 jobs to fund Premier League success after Arteta's four-year contract extension.
