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Arsenal have announced a £30million loss in matchday revenue for the year ending May 31 2019.
Having previously posted a pre-tax profit of £97.4million, the club have now revealed a pre-tax loss of £23.5million, as reported by The Mirror, with matchday revenue going down to £69million.
Not including deals from the summer transfer window, Arsenal made over £100million less in player sales, with the figure falling from £122million to £6million.
Arsenal have retained a cash balance of £107million, while commercial earnings went up by £4million due to the partnership with sleeve sponsor Visit Rwanda.
However, Arsenal’s overall revenue went down from £388.6million to £367.5million, with the club attributing that decline to the delay in the sale of season tickets following the Europa League final.
The Gunners are currently enduring their worst run of form since 1977 and have gone nine matches without a win.
Having previously posted a pre-tax profit of £97.4million, the club have now revealed a pre-tax loss of £23.5million, as reported by The Mirror, with matchday revenue going down to £69million.
Not including deals from the summer transfer window, Arsenal made over £100million less in player sales, with the figure falling from £122million to £6million.
Arsenal have retained a cash balance of £107million, while commercial earnings went up by £4million due to the partnership with sleeve sponsor Visit Rwanda.
However, Arsenal’s overall revenue went down from £388.6million to £367.5million, with the club attributing that decline to the delay in the sale of season tickets following the Europa League final.
The Gunners are currently enduring their worst run of form since 1977 and have gone nine matches without a win.
Arsenal are yet to appoint a new permanent head coach following the departure of Unai Emery, with Freddie Ljungberg currently in temporary charge. (Daily Mail)
