wise decision mateEdit: Nevermind. Don't want to get into a economics/politics debate.
wise decision mateEdit: Nevermind. Don't want to get into a economics/politics debate.
I meant with the 55 people. If you haven't been actively searching for another job for the past 5 or 6 months while being paid by the club knowing full well football might not come back/you may not be needed then i'm sorry but i just cannot sympathise.
Yeah ideally we wouldn’t be ran on a self sustaining model when our owner has increased his wealth by hundreds of millions alone during this pandemic.
Still though, with the club ran the way it is, everything should be focused on the pitch because if we slip to an Everton or West Ham level then many more people at all levels will be out of work.
I had wondered if the club would make redundancies outside of Covid based on how we’ve fallen out of the CL in recent years and the money from it is so key to the club as a whole.
Also you raise a great point, billionaire apologists are some of the most pathetic people I’ve seen in recent years.
People seem to think that if they act like heartless business chiefs then they’ll eventually become one when in reality despite high profile exceptions like Mark Zuckerburg the vast majority of wealth is inherited.
You can’t pull yourself up by your bootstraps to become like Kroenke. It’s a rigged game.
So many lazy people around these days man. Can't even deal.
How has his wealth increased during Covid??? Stock market? That's a massive bubble currently.
He owns 30 million square feet of real estate and is married to the heiress of the Waltons who own Walmart.
Again so it' based on Walmart's valuation then, real estate is taking a hit for the most part out here.
We'll know in a couple years how all of this pans out.
John Cross fuming.
Walmart earnings are in two weeks and I am extremely confident that they will post good numbers with further emergence of digital and groceries. They will show growth and the stock will add probably another couple billion dollars to the net worth of Waltons on that day.He owns 30 million square feet of real estate and is married to the heiress of the Waltons who own Walmart.
I agree with this, surely we're not the only club to restructure during this process and frankly you can't expect our ownership to piggy up substantial liquidity to cover non-revenue generating activities that have been dried up because of C19. It's just not fiscally responsible business activity. I disagree with it as well from a moral and ethical perspective but the fact of the matter is the club is a business and is treated and ran as one. Like many other businesses, it's under a stranglehold due to the environment and is trimming redundancies. Sad but it is what it is.It's funny that people/Fans Think that this only happens at Arsenal. We are just the only Club (yet) to made it transparent.
Sadly that's the reality, it's happen in Football too. Don't want to know how many have lost their Job due to Corona.