Arsenal Declares £47m In Losses As COVID-19 Pandemic Threaten Club's Finance
Badmus Abdulsobur
The Gunners released their financial results for the last fiscal year but expect the impact of Covid-19 to be worse in the 2020-21 figures
Arsenal have reported a loss for the second financial year in a row, suffering a £47.8 million ($66m) loss in 2019-20.
The latest figures show the club's financial results until the end of May last year, before the end of the Premier League's three-month suspension because of the Covid-19 pandemic.
The Gunners declared a £27.1m ($37m) loss for the 2018-19 financial year, the first time the club had a loss since 2002.
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