TomandJerry
Well-known member
- Oct 1, 2013
- 11,491
Arsenal have announced a record loss of more than £100m for the year ending 31 May, 2021.
After losses of less than £50m during the previous year, Arsenal posted post-tax losses of £107.3m, the biggest in the club's history.
The Gunners say as much as £85m of their losses are attributable to the impact of the Covid-19 pandemic.
Arsenal played just two games in front of a crowd at their Emirates Stadium during the 2020-21 season.
As a result, matchday revenue fell by £75m to £3.8m.
Overall wage costs came in at £244m - a near £10m increase from 2020 - despite Arsenal's first-team players and head coach Mikel Arteta having agreed to a voluntary pay cut of 12.5% to help with the financial impact of the pandemic.
Sent from my Pixel 6 using Tapatalk
After losses of less than £50m during the previous year, Arsenal posted post-tax losses of £107.3m, the biggest in the club's history.
The Gunners say as much as £85m of their losses are attributable to the impact of the Covid-19 pandemic.
Arsenal played just two games in front of a crowd at their Emirates Stadium during the 2020-21 season.
As a result, matchday revenue fell by £75m to £3.8m.
Overall wage costs came in at £244m - a near £10m increase from 2020 - despite Arsenal's first-team players and head coach Mikel Arteta having agreed to a voluntary pay cut of 12.5% to help with the financial impact of the pandemic.
Sent from my Pixel 6 using Tapatalk
