Arsenal cuts 60 jobs despite record £691m revenues

Summarised from 3 outlets · Updated 14 Oct, 15:08 · Archive

Arsenal is cutting 60 jobs in off-field areas despite achieving record revenues of £691 million.

Arsenal announced Tuesday it is cutting 60 jobs as part of a cost-reduction plan. The redundancies will focus on off-field areas and will not affect coaching or backroom staff for the men's or women's teams, the club's community operation, the Arsenal Foundation or security staff. A formal consultation process is currently under way, and the final outcome remains subject to revision.

The decision comes weeks after manager Mikel Arteta signed a lucrative four-year contract worth approximately £20 million per year, making him the highest-paid manager in the Premier League. The news also follows Arsenal's record financial results for the 2024-25 financial year, published in February. The club recorded revenues of £691 million, including commercial income that rose by £45 million to £263.2 million, boosted partly by the sale of naming rights for the training facility. Despite these figures, Arsenal posted an overall loss of £1.4 million for the year.

The redundancies reflect the club's strategy to drive further financial efficiencies even as revenues reach record levels.

How it is being reported

• Arsenal outline plans to make 60 staff members redundant despite record revenueArsenal have told staff that they plan to make 60 of them redundant despite the announcement of record revenue and a lucrative new contract for Mikel ArtetaMirror Sport · 14 Oct, 15:59
• Arsenal to make 60 staff redundant despite making record revenuesArsenal are planning to cut 60 staff roles across multiple departments in a bid to make substantial savings. The north London club have informed employees of the proposed redundancies, which come against the backdrop of record turnover totalling £691million for the 2024-25 financial year. A formal consultation process is currently taking place, and the final outcome remains subject to potential revision, according to The Athletic. The club's financial results, published in February, showed Arsenal came close to breaking even, posting a marginal overall deficit of just £1.4m. TRENDING Stories…GB News · 14 Oct, 14:54
• Arsenal tell staff 60 jobs are to be cut... just days after manager Mikel Arteta was rewarded for Premier League title success with £20m a year contractThe redundancies will focus on off-field areas, and not affect the coaching or backroom staff of the men's or women's teams, the club's community operation and the Arsenal Foundation.Daily Mail Sport · 14 Oct, 13:19

In this story: Arsenal · Mikel Arteta · Ken Friar

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