Arsenal have revealed their losses have risen to £47.8million in their latest financial results for the 2019-20 season.
The Premier League side confirmed their finances had taken a severe blow due to the outbreak of the coronavirus pandemic, which brought last season to a halt in March 2020 and did not restart until the financial year had concluded.
The north London outfit's accounts also showed £10.4m had been spent in exceptional costs due to 'changes to the first team management, coaching and support staff', which involved the sacking of Unai Emery in December 2019 and the appointment of Mikel Arteta later that month.