So are/have the highly paid non-playing staff like Raul & Vinai taking/taken pay cuts as well? I suspect not.
They should also take pay-cuts to help pay the wages of the other non-playing staff. They are well overpaid for their performance levels anyway.
Call Mr Naive but surely something could have been done to allow 55 staff members to keep their jobs?
comment by You Can't Buy Class (U12019)
posted 18 minutes ago
So are/have the highly paid non-playing staff like Raul & Vinai taking/taken pay cuts as well? I suspect not.
They should also take pay-cuts to help pay the wages of the other non-playing staff. They are well overpaid for their performance levels anyway.
----------------------------------------------------------------------
They all did.
"Arsenal’s executive team have agreed to cut their wages by more than a third for the next 12 months, putting pressure on the playing squad to agree to a salary reduction as the club attempts to navigate through financially precarious times.
Fourteen executives, including head of football Raul Sanllehi and director of football operations Huss Fahmy, have volunteered to cut – rather than defer – their pay over the next year. "
comment by JonnyLosAngeles (My Dad was made in Leeds) עם ישראל חי (U9756)
posted 51 minutes ago
Playing staff take a 5% cut in wages until fans allowed back in probably saves those jobs.
How about that?
----------------------------------------------------------------------
Most of them have already taken a 12.5% pay cut.
comment by D'Jeezus Mackaroni (U1137)
posted 1 minute ago
"Arsenal’s executive team have agreed to cut their wages by more than a third for the next 12 months, putting pressure on the playing squad to agree to a salary reduction as the club attempts to navigate through financially precarious times.
Fourteen executives, including head of football Raul Sanllehi and director of football operations Huss Fahmy, have volunteered to cut – rather than defer – their pay over the next year. "
----------------------------------------------------------------------
dont need half of them, sack em
comment by Taki Minamino (U20650)
posted 27 seconds ago
comment by D'Jeezus Mackaroni (U1137)
posted 1 minute ago
"Arsenal’s executive team have agreed to cut their wages by more than a third for the next 12 months, putting pressure on the playing squad to agree to a salary reduction as the club attempts to navigate through financially precarious times.
Fourteen executives, including head of football Raul Sanllehi and director of football operations Huss Fahmy, have volunteered to cut – rather than defer – their pay over the next year. "
----------------------------------------------------------------------
dont need half of them, sack em
----------------------------------------------------------------------
They have got rid of 55 staff they don't need. You made an article about it.
comment by D'Jeezus Mackaroni (U1137)
posted 6 minutes ago
"Arsenal’s executive team have agreed to cut their wages by more than a third for the next 12 months, putting pressure on the playing squad to agree to a salary reduction as the club attempts to navigate through financially precarious times.
Fourteen executives, including head of football Raul Sanllehi and director of football operations Huss Fahmy, have volunteered to cut – rather than defer – their pay over the next year. "
----------------------------------------------------------------------
Ah ok, thanks for the info mate and fair play to them for that.
Sorry but there's no excuse for sacking 55 people who likely don't even add up to a mediocre players annual wage. Football clubs (certainly top flight) should be being forced to keep their staff, on full pay, for at least a year of this. 50 k a week pays a crap tonne of "People with normal jobs," wages.
Of all the businesses out there, PL football has got to be the last one that can or should be crying poverty as justification for laying off normal salaried workers. If they're genuinely strapped for cash then withold 50% of Ozil's wage to pay the workers. Then cry covid poverty to a judge/court justify it. Oh wait, can't do that because they'd get told they damn well did have the cash and to cough it up because it's their loss, covid or not.
I hope, in vain probably, that there's a foul public backlash off this release, which sees all the clubs get their collars yanked causing a u-turn on on a truly stinking rich 's move..
It just comes down to greed, and it’s not just football clubs at fault.
It disgusts me.
comment by What would Stuart Pearce do? Ireland-Kenya Relations Secretary (U3126)
posted 3 hours, 44 minutes ago
Football isn't immune (pardon the pun) to Covid19.
Auba is the club's most prized asset, and without him it will be much harder for the club to be successful.
If, as it seems they are able to restructure in other areas it makes sense to do so. Perfectly reasonable to assume these jobs would have been in jeopardy regardless of the transfer/wage budget.
----------------------------------------------------------------------
It sometimes amazes me how complecent people have become in recent years. Economics is all about business cycles. Unfortunately all companies are under a great deal of pressure to survive. Football is not immune unless of course you are an oligarch club. Then you are just stealing from the mouths of the people who have the misfortune to be born in countries run by kleptocrats.
comment by Jenius99 (U4918)
posted 17 minutes ago
comment by What would Stuart Pearce do? Ireland-Kenya Relations Secretary (U3126)
posted 3 hours, 44 minutes ago
Football isn't immune (pardon the pun) to Covid19.
Auba is the club's most prized asset, and without him it will be much harder for the club to be successful.
If, as it seems they are able to restructure in other areas it makes sense to do so. Perfectly reasonable to assume these jobs would have been in jeopardy regardless of the transfer/wage budget.
----------------------------------------------------------------------
It sometimes amazes me how complecent people have become in recent years. Economics is all about business cycles. Unfortunately all companies are under a great deal of pressure to survive. Football is not immune unless of course you are an oligarch club. Then you are just stealing from the mouths of the people who have the misfortune to be born in countries run by kleptocrats.
----------------------------------------------------------------------
It’s cheap and simplistic to just blame market forces.
Business owners have a choice and right now many are required to make less money or, god forbid, run at a loss, in order to support their staff through this period.
Many will decide that is not an option and just make their staff redundant.
In a football world with so much money flying around and players on obscene wages, I am disappointed in anyone who takes that latter decision, to say the least.
It’s greed imo, plain and simple.
comment by Winston (U16525)
posted 6 minutes ago
comment by Jenius99 (U4918)
posted 17 minutes ago
comment by What would Stuart Pearce do? Ireland-Kenya Relations Secretary (U3126)
posted 3 hours, 44 minutes ago
Football isn't immune (pardon the pun) to Covid19.
Auba is the club's most prized asset, and without him it will be much harder for the club to be successful.
If, as it seems they are able to restructure in other areas it makes sense to do so. Perfectly reasonable to assume these jobs would have been in jeopardy regardless of the transfer/wage budget.
----------------------------------------------------------------------
It sometimes amazes me how complecent people have become in recent years. Economics is all about business cycles. Unfortunately all companies are under a great deal of pressure to survive. Football is not immune unless of course you are an oligarch club. Then you are just stealing from the mouths of the people who have the misfortune to be born in countries run by kleptocrats.
----------------------------------------------------------------------
It’s cheap and simplistic to just blame market forces.
Business owners have a choice and right now many are required to make less money or, god forbid, run at a loss, in order to support their staff through this period.
Many will decide that is not an option and just make their staff redundant.
In a football world with so much money flying around and players on obscene wages, I am disappointed in anyone who takes that latter decision, to say the least.
It’s greed imo, plain and simple.
--------------------------------------------------------------------
Businesses cannot run at a loss unless they are being propped up by investors and owners. If the business runs at a loss it eventually runs out of money and then all the staff lose their jobs.
To imagine all the millions being wasted on Ozil could have saved most of these jobs.
comment by Winston (U16525)
posted 4 minutes ago
comment by Jenius99 (U4918)
posted 17 minutes ago
comment by What would Stuart Pearce do? Ireland-Kenya Relations Secretary (U3126)
posted 3 hours, 44 minutes ago
Football isn't immune (pardon the pun) to Covid19.
Auba is the club's most prized asset, and without him it will be much harder for the club to be successful.
If, as it seems they are able to restructure in other areas it makes sense to do so. Perfectly reasonable to assume these jobs would have been in jeopardy regardless of the transfer/wage budget.
----------------------------------------------------------------------
It sometimes amazes me how complecent people have become in recent years. Economics is all about business cycles. Unfortunately all companies are under a great deal of pressure to survive. Football is not immune unless of course you are an oligarch club. Then you are just stealing from the mouths of the people who have the misfortune to be born in countries run by kleptocrats.
----------------------------------------------------------------------
It’s cheap and simplistic to just blame market forces.
Business owners have a choice and right now many are required to make less money or, god forbid, run at a loss, in order to support their staff through this period.
Many will decide that is not an option and just make their staff redundant.
In a football world with so much money flying around and players on obscene wages, I am disappointed in anyone who takes that latter decision, to say the least.
It’s greed imo, plain and simple.
----------------------------------------------------------------------
Nothing simple about the economic impact of Covid.
comment by Grand Cannon (U18697)
posted 1 minute ago
To imagine all the millions being wasted on Ozil could have saved most of these jobs.
----------------------------------------------------------------------
All the money we've wasted on Ozil could have fed, clothed and powered a small African country for a few years.
comment by You Can't Buy Class (U12019)
posted 1 minute ago
comment by Grand Cannon (U18697)
posted 1 minute ago
To imagine all the millions being wasted on Ozil could have saved most of these jobs.
----------------------------------------------------------------------
All the money we've wasted on Ozil could have fed, clothed and powered a small African country for a few years.
----------------------------------------------------------------------
And to boot he refused the pay cut. Whatsmore spoke against Arteta through his agent for even suggesting it!
comment by welshpoolfan (U7693)
posted 12 minutes ago
comment by Winston (U16525)
posted 6 minutes ago
comment by Jenius99 (U4918)
posted 17 minutes ago
comment by What would Stuart Pearce do? Ireland-Kenya Relations Secretary (U3126)
posted 3 hours, 44 minutes ago
Football isn't immune (pardon the pun) to Covid19.
Auba is the club's most prized asset, and without him it will be much harder for the club to be successful.
If, as it seems they are able to restructure in other areas it makes sense to do so. Perfectly reasonable to assume these jobs would have been in jeopardy regardless of the transfer/wage budget.
----------------------------------------------------------------------
It sometimes amazes me how complecent people have become in recent years. Economics is all about business cycles. Unfortunately all companies are under a great deal of pressure to survive. Football is not immune unless of course you are an oligarch club. Then you are just stealing from the mouths of the people who have the misfortune to be born in countries run by kleptocrats.
----------------------------------------------------------------------
It’s cheap and simplistic to just blame market forces.
Business owners have a choice and right now many are required to make less money or, god forbid, run at a loss, in order to support their staff through this period.
Many will decide that is not an option and just make their staff redundant.
In a football world with so much money flying around and players on obscene wages, I am disappointed in anyone who takes that latter decision, to say the least.
It’s greed imo, plain and simple.
--------------------------------------------------------------------
Businesses cannot run at a loss unless they are being propped up by investors and owners. If the business runs at a loss it eventually runs out of money and then all the staff lose their jobs.
----------------------------------------------------------------------
Thanks for stating the obvious. What a revelation.
comment by Jenius99 (U4918)
posted 6 minutes ago
comment by Winston (U16525)
posted 4 minutes ago
comment by Jenius99 (U4918)
posted 17 minutes ago
comment by What would Stuart Pearce do? Ireland-Kenya Relations Secretary (U3126)
posted 3 hours, 44 minutes ago
Football isn't immune (pardon the pun) to Covid19.
Auba is the club's most prized asset, and without him it will be much harder for the club to be successful.
If, as it seems they are able to restructure in other areas it makes sense to do so. Perfectly reasonable to assume these jobs would have been in jeopardy regardless of the transfer/wage budget.
----------------------------------------------------------------------
It sometimes amazes me how complecent people have become in recent years. Economics is all about business cycles. Unfortunately all companies are under a great deal of pressure to survive. Football is not immune unless of course you are an oligarch club. Then you are just stealing from the mouths of the people who have the misfortune to be born in countries run by kleptocrats.
----------------------------------------------------------------------
It’s cheap and simplistic to just blame market forces.
Business owners have a choice and right now many are required to make less money or, god forbid, run at a loss, in order to support their staff through this period.
Many will decide that is not an option and just make their staff redundant.
In a football world with so much money flying around and players on obscene wages, I am disappointed in anyone who takes that latter decision, to say the least.
It’s greed imo, plain and simple.
----------------------------------------------------------------------
Nothing simple about the economic impact of Covid.
----------------------------------------------------------------------
Didn’t say there was.
I said it’s greed when you decide to get rid of staff instead of taking a hit yourself.
Disgusting decision, get rid of Lolzil and his 350K a week gifted wages and use it to keep those 55 jobs
comment by Winston (U16525)
posted 1 minute ago
comment by Jenius99 (U4918)
posted 6 minutes ago
comment by Winston (U16525)
posted 4 minutes ago
comment by Jenius99 (U4918)
posted 17 minutes ago
comment by What would Stuart Pearce do? Ireland-Kenya Relations Secretary (U3126)
posted 3 hours, 44 minutes ago
Football isn't immune (pardon the pun) to Covid19.
Auba is the club's most prized asset, and without him it will be much harder for the club to be successful.
If, as it seems they are able to restructure in other areas it makes sense to do so. Perfectly reasonable to assume these jobs would have been in jeopardy regardless of the transfer/wage budget.
----------------------------------------------------------------------
It sometimes amazes me how complecent people have become in recent years. Economics is all about business cycles. Unfortunately all companies are under a great deal of pressure to survive. Football is not immune unless of course you are an oligarch club. Then you are just stealing from the mouths of the people who have the misfortune to be born in countries run by kleptocrats.
----------------------------------------------------------------------
It’s cheap and simplistic to just blame market forces.
Business owners have a choice and right now many are required to make less money or, god forbid, run at a loss, in order to support their staff through this period.
Many will decide that is not an option and just make their staff redundant.
In a football world with so much money flying around and players on obscene wages, I am disappointed in anyone who takes that latter decision, to say the least.
It’s greed imo, plain and simple.
----------------------------------------------------------------------
Nothing simple about the economic impact of Covid.
----------------------------------------------------------------------
Didn’t say there was.
I said it’s greed when you decide to get rid of staff instead of taking a hit yourself.
----------------------------------------------------------------------
Kroenke has been paying our losses for the last 4 years. Ever since we dropped out of the top 4 with a bloated overpaid squad left by Wenger. We've had to restructure everything from top to bottom at the club. There is no surprise that the restructure will now result in some redundancies and nothing like other clubs are facing. Arsenal have not borrowed from the taxpayer unlike Spurs (who are also owned by billionaires) or Liverpool who furloughed staff till the backlash. Thats just the way it is. Clubs that are run like businesses have to behave like any other business. Whether its Pizza Hut whose parent company Yum, are mostly owned by hedge funds or Pizza Express whose franchisees are in trouble, people losing their jobs is part of the economic business cycle. It used to happen every 7-8 years or so. That was before Brown, Cameron, Bush, Obama, Trump, ECB etc, used QE to feck up the economic system.
comment by ● Billy The Yidd ● 2020* (U3924)
posted 4 minutes ago
Disgusting decision, get rid of Lolzil and his 350K a week gifted wages and use it to keep those 55 jobs
----------------------------------------------------------------------
Please buy him. Cause we've spent 2 years trying to find someone who would.
comment by Jenius99 (U4918)
posted 6 minutes ago
comment by Winston (U16525)
posted 1 minute ago
comment by Jenius99 (U4918)
posted 6 minutes ago
comment by Winston (U16525)
posted 4 minutes ago
comment by Jenius99 (U4918)
posted 17 minutes ago
comment by What would Stuart Pearce do? Ireland-Kenya Relations Secretary (U3126)
posted 3 hours, 44 minutes ago
Football isn't immune (pardon the pun) to Covid19.
Auba is the club's most prized asset, and without him it will be much harder for the club to be successful.
If, as it seems they are able to restructure in other areas it makes sense to do so. Perfectly reasonable to assume these jobs would have been in jeopardy regardless of the transfer/wage budget.
----------------------------------------------------------------------
It sometimes amazes me how complecent people have become in recent years. Economics is all about business cycles. Unfortunately all companies are under a great deal of pressure to survive. Football is not immune unless of course you are an oligarch club. Then you are just stealing from the mouths of the people who have the misfortune to be born in countries run by kleptocrats.
----------------------------------------------------------------------
It’s cheap and simplistic to just blame market forces.
Business owners have a choice and right now many are required to make less money or, god forbid, run at a loss, in order to support their staff through this period.
Many will decide that is not an option and just make their staff redundant.
In a football world with so much money flying around and players on obscene wages, I am disappointed in anyone who takes that latter decision, to say the least.
It’s greed imo, plain and simple.
----------------------------------------------------------------------
Nothing simple about the economic impact of Covid.
----------------------------------------------------------------------
Didn’t say there was.
I said it’s greed when you decide to get rid of staff instead of taking a hit yourself.
----------------------------------------------------------------------
Kroenke has been paying our losses for the last 4 years. Ever since we dropped out of the top 4 with a bloated overpaid squad left by Wenger. We've had to restructure everything from top to bottom at the club. There is no surprise that the restructure will now result in some redundancies and nothing like other clubs are facing. Arsenal have not borrowed from the taxpayer unlike Spurs (who are also owned by billionaires) or Liverpool who furloughed staff till the backlash. Thats just the way it is. Clubs that are run like businesses have to behave like any other business. Whether its Pizza Hut whose parent company Yum, are mostly owned by hedge funds or Pizza Express whose franchisees are in trouble, people losing their jobs is part of the economic business cycle. It used to happen every 7-8 years or so. That was before Brown, Cameron, Bush, Obama, Trump, ECB etc, used QE to feck up the economic system.
----------------------------------------------------------------------
I’m aware of the situation but the difference here is that we’re dealing with a temporary situation - not a failing business model.
Owners have a choice.
Take a hit and protect the staff that help them in the good times or ditch the staff in order to help themselves.
It’s disgusting imo and it isn’t restricted to Arsenal or indeed football.
Sign in if you want to comment
55 staff made redundant
Page 2 of 9
6 | 7 | 8 | 9
posted on 5/8/20
So are/have the highly paid non-playing staff like Raul & Vinai taking/taken pay cuts as well? I suspect not.
They should also take pay-cuts to help pay the wages of the other non-playing staff. They are well overpaid for their performance levels anyway.
posted on 5/8/20
Call Mr Naive but surely something could have been done to allow 55 staff members to keep their jobs?
posted on 5/8/20
comment by You Can't Buy Class (U12019)
posted 18 minutes ago
So are/have the highly paid non-playing staff like Raul & Vinai taking/taken pay cuts as well? I suspect not.
They should also take pay-cuts to help pay the wages of the other non-playing staff. They are well overpaid for their performance levels anyway.
----------------------------------------------------------------------
They all did.
posted on 5/8/20
"Arsenal’s executive team have agreed to cut their wages by more than a third for the next 12 months, putting pressure on the playing squad to agree to a salary reduction as the club attempts to navigate through financially precarious times.
Fourteen executives, including head of football Raul Sanllehi and director of football operations Huss Fahmy, have volunteered to cut – rather than defer – their pay over the next year. "
posted on 5/8/20
comment by JonnyLosAngeles (My Dad was made in Leeds) עם ישראל חי (U9756)
posted 51 minutes ago
Playing staff take a 5% cut in wages until fans allowed back in probably saves those jobs.
How about that?
----------------------------------------------------------------------
Most of them have already taken a 12.5% pay cut.
posted on 5/8/20
That was in April BTW.
posted on 5/8/20
comment by D'Jeezus Mackaroni (U1137)
posted 1 minute ago
"Arsenal’s executive team have agreed to cut their wages by more than a third for the next 12 months, putting pressure on the playing squad to agree to a salary reduction as the club attempts to navigate through financially precarious times.
Fourteen executives, including head of football Raul Sanllehi and director of football operations Huss Fahmy, have volunteered to cut – rather than defer – their pay over the next year. "
----------------------------------------------------------------------
dont need half of them, sack em
posted on 5/8/20
comment by Taki Minamino (U20650)
posted 27 seconds ago
comment by D'Jeezus Mackaroni (U1137)
posted 1 minute ago
"Arsenal’s executive team have agreed to cut their wages by more than a third for the next 12 months, putting pressure on the playing squad to agree to a salary reduction as the club attempts to navigate through financially precarious times.
Fourteen executives, including head of football Raul Sanllehi and director of football operations Huss Fahmy, have volunteered to cut – rather than defer – their pay over the next year. "
----------------------------------------------------------------------
dont need half of them, sack em
----------------------------------------------------------------------
They have got rid of 55 staff they don't need. You made an article about it.
posted on 5/8/20
comment by D'Jeezus Mackaroni (U1137)
posted 6 minutes ago
"Arsenal’s executive team have agreed to cut their wages by more than a third for the next 12 months, putting pressure on the playing squad to agree to a salary reduction as the club attempts to navigate through financially precarious times.
Fourteen executives, including head of football Raul Sanllehi and director of football operations Huss Fahmy, have volunteered to cut – rather than defer – their pay over the next year. "
----------------------------------------------------------------------
Ah ok, thanks for the info mate and fair play to them for that.
posted on 5/8/20
Sorry but there's no excuse for sacking 55 people who likely don't even add up to a mediocre players annual wage. Football clubs (certainly top flight) should be being forced to keep their staff, on full pay, for at least a year of this. 50 k a week pays a crap tonne of "People with normal jobs," wages.
Of all the businesses out there, PL football has got to be the last one that can or should be crying poverty as justification for laying off normal salaried workers. If they're genuinely strapped for cash then withold 50% of Ozil's wage to pay the workers. Then cry covid poverty to a judge/court justify it. Oh wait, can't do that because they'd get told they damn well did have the cash and to cough it up because it's their loss, covid or not.
I hope, in vain probably, that there's a foul public backlash off this release, which sees all the clubs get their collars yanked causing a u-turn on on a truly stinking rich 's move..
posted on 5/8/20
It just comes down to greed, and it’s not just football clubs at fault.
It disgusts me.
posted on 5/8/20
They're sacking Cagigao.
posted on 5/8/20
comment by What would Stuart Pearce do? Ireland-Kenya Relations Secretary (U3126)
posted 3 hours, 44 minutes ago
Football isn't immune (pardon the pun) to Covid19.
Auba is the club's most prized asset, and without him it will be much harder for the club to be successful.
If, as it seems they are able to restructure in other areas it makes sense to do so. Perfectly reasonable to assume these jobs would have been in jeopardy regardless of the transfer/wage budget.
----------------------------------------------------------------------
It sometimes amazes me how complecent people have become in recent years. Economics is all about business cycles. Unfortunately all companies are under a great deal of pressure to survive. Football is not immune unless of course you are an oligarch club. Then you are just stealing from the mouths of the people who have the misfortune to be born in countries run by kleptocrats.
posted on 5/8/20
comment by Jenius99 (U4918)
posted 17 minutes ago
comment by What would Stuart Pearce do? Ireland-Kenya Relations Secretary (U3126)
posted 3 hours, 44 minutes ago
Football isn't immune (pardon the pun) to Covid19.
Auba is the club's most prized asset, and without him it will be much harder for the club to be successful.
If, as it seems they are able to restructure in other areas it makes sense to do so. Perfectly reasonable to assume these jobs would have been in jeopardy regardless of the transfer/wage budget.
----------------------------------------------------------------------
It sometimes amazes me how complecent people have become in recent years. Economics is all about business cycles. Unfortunately all companies are under a great deal of pressure to survive. Football is not immune unless of course you are an oligarch club. Then you are just stealing from the mouths of the people who have the misfortune to be born in countries run by kleptocrats.
----------------------------------------------------------------------
It’s cheap and simplistic to just blame market forces.
Business owners have a choice and right now many are required to make less money or, god forbid, run at a loss, in order to support their staff through this period.
Many will decide that is not an option and just make their staff redundant.
In a football world with so much money flying around and players on obscene wages, I am disappointed in anyone who takes that latter decision, to say the least.
It’s greed imo, plain and simple.
posted on 5/8/20
comment by Winston (U16525)
posted 6 minutes ago
comment by Jenius99 (U4918)
posted 17 minutes ago
comment by What would Stuart Pearce do? Ireland-Kenya Relations Secretary (U3126)
posted 3 hours, 44 minutes ago
Football isn't immune (pardon the pun) to Covid19.
Auba is the club's most prized asset, and without him it will be much harder for the club to be successful.
If, as it seems they are able to restructure in other areas it makes sense to do so. Perfectly reasonable to assume these jobs would have been in jeopardy regardless of the transfer/wage budget.
----------------------------------------------------------------------
It sometimes amazes me how complecent people have become in recent years. Economics is all about business cycles. Unfortunately all companies are under a great deal of pressure to survive. Football is not immune unless of course you are an oligarch club. Then you are just stealing from the mouths of the people who have the misfortune to be born in countries run by kleptocrats.
----------------------------------------------------------------------
It’s cheap and simplistic to just blame market forces.
Business owners have a choice and right now many are required to make less money or, god forbid, run at a loss, in order to support their staff through this period.
Many will decide that is not an option and just make their staff redundant.
In a football world with so much money flying around and players on obscene wages, I am disappointed in anyone who takes that latter decision, to say the least.
It’s greed imo, plain and simple.
--------------------------------------------------------------------
Businesses cannot run at a loss unless they are being propped up by investors and owners. If the business runs at a loss it eventually runs out of money and then all the staff lose their jobs.
posted on 5/8/20
To imagine all the millions being wasted on Ozil could have saved most of these jobs.
posted on 5/8/20
comment by Winston (U16525)
posted 4 minutes ago
comment by Jenius99 (U4918)
posted 17 minutes ago
comment by What would Stuart Pearce do? Ireland-Kenya Relations Secretary (U3126)
posted 3 hours, 44 minutes ago
Football isn't immune (pardon the pun) to Covid19.
Auba is the club's most prized asset, and without him it will be much harder for the club to be successful.
If, as it seems they are able to restructure in other areas it makes sense to do so. Perfectly reasonable to assume these jobs would have been in jeopardy regardless of the transfer/wage budget.
----------------------------------------------------------------------
It sometimes amazes me how complecent people have become in recent years. Economics is all about business cycles. Unfortunately all companies are under a great deal of pressure to survive. Football is not immune unless of course you are an oligarch club. Then you are just stealing from the mouths of the people who have the misfortune to be born in countries run by kleptocrats.
----------------------------------------------------------------------
It’s cheap and simplistic to just blame market forces.
Business owners have a choice and right now many are required to make less money or, god forbid, run at a loss, in order to support their staff through this period.
Many will decide that is not an option and just make their staff redundant.
In a football world with so much money flying around and players on obscene wages, I am disappointed in anyone who takes that latter decision, to say the least.
It’s greed imo, plain and simple.
----------------------------------------------------------------------
Nothing simple about the economic impact of Covid.
posted on 5/8/20
comment by Grand Cannon (U18697)
posted 1 minute ago
To imagine all the millions being wasted on Ozil could have saved most of these jobs.
----------------------------------------------------------------------
All the money we've wasted on Ozil could have fed, clothed and powered a small African country for a few years.
posted on 5/8/20
comment by You Can't Buy Class (U12019)
posted 1 minute ago
comment by Grand Cannon (U18697)
posted 1 minute ago
To imagine all the millions being wasted on Ozil could have saved most of these jobs.
----------------------------------------------------------------------
All the money we've wasted on Ozil could have fed, clothed and powered a small African country for a few years.
----------------------------------------------------------------------
And to boot he refused the pay cut. Whatsmore spoke against Arteta through his agent for even suggesting it!
posted on 5/8/20
comment by welshpoolfan (U7693)
posted 12 minutes ago
comment by Winston (U16525)
posted 6 minutes ago
comment by Jenius99 (U4918)
posted 17 minutes ago
comment by What would Stuart Pearce do? Ireland-Kenya Relations Secretary (U3126)
posted 3 hours, 44 minutes ago
Football isn't immune (pardon the pun) to Covid19.
Auba is the club's most prized asset, and without him it will be much harder for the club to be successful.
If, as it seems they are able to restructure in other areas it makes sense to do so. Perfectly reasonable to assume these jobs would have been in jeopardy regardless of the transfer/wage budget.
----------------------------------------------------------------------
It sometimes amazes me how complecent people have become in recent years. Economics is all about business cycles. Unfortunately all companies are under a great deal of pressure to survive. Football is not immune unless of course you are an oligarch club. Then you are just stealing from the mouths of the people who have the misfortune to be born in countries run by kleptocrats.
----------------------------------------------------------------------
It’s cheap and simplistic to just blame market forces.
Business owners have a choice and right now many are required to make less money or, god forbid, run at a loss, in order to support their staff through this period.
Many will decide that is not an option and just make their staff redundant.
In a football world with so much money flying around and players on obscene wages, I am disappointed in anyone who takes that latter decision, to say the least.
It’s greed imo, plain and simple.
--------------------------------------------------------------------
Businesses cannot run at a loss unless they are being propped up by investors and owners. If the business runs at a loss it eventually runs out of money and then all the staff lose their jobs.
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Thanks for stating the obvious. What a revelation.
posted on 5/8/20
comment by Jenius99 (U4918)
posted 6 minutes ago
comment by Winston (U16525)
posted 4 minutes ago
comment by Jenius99 (U4918)
posted 17 minutes ago
comment by What would Stuart Pearce do? Ireland-Kenya Relations Secretary (U3126)
posted 3 hours, 44 minutes ago
Football isn't immune (pardon the pun) to Covid19.
Auba is the club's most prized asset, and without him it will be much harder for the club to be successful.
If, as it seems they are able to restructure in other areas it makes sense to do so. Perfectly reasonable to assume these jobs would have been in jeopardy regardless of the transfer/wage budget.
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It sometimes amazes me how complecent people have become in recent years. Economics is all about business cycles. Unfortunately all companies are under a great deal of pressure to survive. Football is not immune unless of course you are an oligarch club. Then you are just stealing from the mouths of the people who have the misfortune to be born in countries run by kleptocrats.
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It’s cheap and simplistic to just blame market forces.
Business owners have a choice and right now many are required to make less money or, god forbid, run at a loss, in order to support their staff through this period.
Many will decide that is not an option and just make their staff redundant.
In a football world with so much money flying around and players on obscene wages, I am disappointed in anyone who takes that latter decision, to say the least.
It’s greed imo, plain and simple.
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Nothing simple about the economic impact of Covid.
----------------------------------------------------------------------
Didn’t say there was.
I said it’s greed when you decide to get rid of staff instead of taking a hit yourself.
posted on 5/8/20
Disgusting decision, get rid of Lolzil and his 350K a week gifted wages and use it to keep those 55 jobs
posted on 5/8/20
comment by Winston (U16525)
posted 1 minute ago
comment by Jenius99 (U4918)
posted 6 minutes ago
comment by Winston (U16525)
posted 4 minutes ago
comment by Jenius99 (U4918)
posted 17 minutes ago
comment by What would Stuart Pearce do? Ireland-Kenya Relations Secretary (U3126)
posted 3 hours, 44 minutes ago
Football isn't immune (pardon the pun) to Covid19.
Auba is the club's most prized asset, and without him it will be much harder for the club to be successful.
If, as it seems they are able to restructure in other areas it makes sense to do so. Perfectly reasonable to assume these jobs would have been in jeopardy regardless of the transfer/wage budget.
----------------------------------------------------------------------
It sometimes amazes me how complecent people have become in recent years. Economics is all about business cycles. Unfortunately all companies are under a great deal of pressure to survive. Football is not immune unless of course you are an oligarch club. Then you are just stealing from the mouths of the people who have the misfortune to be born in countries run by kleptocrats.
----------------------------------------------------------------------
It’s cheap and simplistic to just blame market forces.
Business owners have a choice and right now many are required to make less money or, god forbid, run at a loss, in order to support their staff through this period.
Many will decide that is not an option and just make their staff redundant.
In a football world with so much money flying around and players on obscene wages, I am disappointed in anyone who takes that latter decision, to say the least.
It’s greed imo, plain and simple.
----------------------------------------------------------------------
Nothing simple about the economic impact of Covid.
----------------------------------------------------------------------
Didn’t say there was.
I said it’s greed when you decide to get rid of staff instead of taking a hit yourself.
----------------------------------------------------------------------
Kroenke has been paying our losses for the last 4 years. Ever since we dropped out of the top 4 with a bloated overpaid squad left by Wenger. We've had to restructure everything from top to bottom at the club. There is no surprise that the restructure will now result in some redundancies and nothing like other clubs are facing. Arsenal have not borrowed from the taxpayer unlike Spurs (who are also owned by billionaires) or Liverpool who furloughed staff till the backlash. Thats just the way it is. Clubs that are run like businesses have to behave like any other business. Whether its Pizza Hut whose parent company Yum, are mostly owned by hedge funds or Pizza Express whose franchisees are in trouble, people losing their jobs is part of the economic business cycle. It used to happen every 7-8 years or so. That was before Brown, Cameron, Bush, Obama, Trump, ECB etc, used QE to feck up the economic system.
posted on 5/8/20
comment by ● Billy The Yidd ● 2020* (U3924)
posted 4 minutes ago
Disgusting decision, get rid of Lolzil and his 350K a week gifted wages and use it to keep those 55 jobs
----------------------------------------------------------------------
Please buy him. Cause we've spent 2 years trying to find someone who would.
posted on 5/8/20
comment by Jenius99 (U4918)
posted 6 minutes ago
comment by Winston (U16525)
posted 1 minute ago
comment by Jenius99 (U4918)
posted 6 minutes ago
comment by Winston (U16525)
posted 4 minutes ago
comment by Jenius99 (U4918)
posted 17 minutes ago
comment by What would Stuart Pearce do? Ireland-Kenya Relations Secretary (U3126)
posted 3 hours, 44 minutes ago
Football isn't immune (pardon the pun) to Covid19.
Auba is the club's most prized asset, and without him it will be much harder for the club to be successful.
If, as it seems they are able to restructure in other areas it makes sense to do so. Perfectly reasonable to assume these jobs would have been in jeopardy regardless of the transfer/wage budget.
----------------------------------------------------------------------
It sometimes amazes me how complecent people have become in recent years. Economics is all about business cycles. Unfortunately all companies are under a great deal of pressure to survive. Football is not immune unless of course you are an oligarch club. Then you are just stealing from the mouths of the people who have the misfortune to be born in countries run by kleptocrats.
----------------------------------------------------------------------
It’s cheap and simplistic to just blame market forces.
Business owners have a choice and right now many are required to make less money or, god forbid, run at a loss, in order to support their staff through this period.
Many will decide that is not an option and just make their staff redundant.
In a football world with so much money flying around and players on obscene wages, I am disappointed in anyone who takes that latter decision, to say the least.
It’s greed imo, plain and simple.
----------------------------------------------------------------------
Nothing simple about the economic impact of Covid.
----------------------------------------------------------------------
Didn’t say there was.
I said it’s greed when you decide to get rid of staff instead of taking a hit yourself.
----------------------------------------------------------------------
Kroenke has been paying our losses for the last 4 years. Ever since we dropped out of the top 4 with a bloated overpaid squad left by Wenger. We've had to restructure everything from top to bottom at the club. There is no surprise that the restructure will now result in some redundancies and nothing like other clubs are facing. Arsenal have not borrowed from the taxpayer unlike Spurs (who are also owned by billionaires) or Liverpool who furloughed staff till the backlash. Thats just the way it is. Clubs that are run like businesses have to behave like any other business. Whether its Pizza Hut whose parent company Yum, are mostly owned by hedge funds or Pizza Express whose franchisees are in trouble, people losing their jobs is part of the economic business cycle. It used to happen every 7-8 years or so. That was before Brown, Cameron, Bush, Obama, Trump, ECB etc, used QE to feck up the economic system.
----------------------------------------------------------------------
I’m aware of the situation but the difference here is that we’re dealing with a temporary situation - not a failing business model.
Owners have a choice.
Take a hit and protect the staff that help them in the good times or ditch the staff in order to help themselves.
It’s disgusting imo and it isn’t restricted to Arsenal or indeed football.
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