FORTUNE FOR ARTETA, MASSACRE FOR 60 STAFF AT ARSENAL

According to The Telegraph; recent developments on the front of Arsenal literally created an earthquake effect in the British press. The management of the capital club signed a massive contradiction by making a large-scale layoff decision within the club, while signing a historic and record-costly contract at the same time. The red and white team entrusted the future of the club to the Spanish manager Mikel Arteta and carried out a gigantic contract renewal process with the successful coach. With this new agreement, Arteta will earn a net 23.7 million euros annually, even when bonuses are excluded, and thus will officially seize the title of the highest-paid manager in the English Premier League. However, the development that really bewildered the fans was taken just a few days after this incredible fortune-worth contract given to the Spanish coach. The Arsenal management decided to terminate the employment of exactly 60 personnel on the grounds of cutting expenses within the club and implementing a serious savings policy. It is stated that this radical layoff decision will directly affect the administrative staff outside the pitch. Club officials especially emphasized that this wave of layoffs of 60 people does not cover any coach or technical team working within the men's senior team, women's team, and academy. This ruthless cost-cutting move taken by the management towards the employees off the pitch aroused a great echo in the sports public. In the details of the news, it is stated that the London club defends this move within the framework of a long-term financial sustainability vision. But despite the massive broadcasting revenues obtained, cutting the bill to the lower-level workers draws heavy reaction. While it is eagerly awaited whether the Arsenal management will step back from this decision, how the crisis will impact the team remains a great curiosity.

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