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Arsenal reports a £47.8 million loss in 2019-20.

Sat 06 March 2021 | 7:35

This means the Gunners experienced a loss for the second financial year in a row. They previously declared a £27.1m loss for the 2018-19 financial year, the first time the club had a loss since 2002.

Arsenal

reportedly have lost

£35m

due to the

Covid-19 pandemic

crisis, in which

£14m

attributed to the loss of matchday revenues. The deferral of £34m of broadcasting revenues into the next financial year and £6m of other commercial and broadcasting revenue losses all add to their financial struggles as well.

However, a cost-saving of £19m), including the wage reduction scheme that the first-team squad agreed to last year, helps them to keep a balance in these troubling times.

Having offloaded Alex Iwobi to Everton and Krystian Bielik to Derby, Arsenal raised

£60.1m

from

player sales

and spent

£182.2m

on buying 

new

players

, including the likes of Nicolas Pepe, Kieran Tierney, William Saliba, Gabriel Martinelli, Pablo Mari, and David Luiz. The Gunners have spent

£234.5m

on wages, a reduction of

£400,000

from 2019, and spent

£10.4m

in changing the

coaching staff

.

 


source: SportMob