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Cash-strapped Arsenal propose 55 redundancies among their 'dedicated staff' in clubs statement

Arsenal have announced they are proposing 55 staff redundancies as the coronavirus pandemic continues to negatively impact the Gunners' finances.

In a statement made by the club's sporting and financial chiefs Raúl Sanllehi and Vinai Venkatesham on Wednesday, the north London club admitted that these cuts are necessary in order to make sure the club 'operates in a sustainable and responsible way'.

Sanllehi and Venkatesham confirmed that investment in the first-team squad is a priority for the club and that a 30-day consultation period will begin on the redundancies.

Arsenal announce they are proposing 55 redundancies to help the club in the COVID-19 crisis

The club statement read: 'We do not make these proposals lightly and have looked at every aspect of the club and our expenditure before reaching this point.