Arsenal have taken out a £120million loan from the Bank of England to help maintain its finances in the wake of the coronavirus pandemic.
The club revealed it had met the criteria for the Covid Corporate Financing Facility scheme, which has been set up to support businesses throughout the period of disruption caused by the virus.
The scheme provides short-term financial assistance to large companies with a high credit rating that make a sizeable contribution to the UK economy.
Arsenal have borrowed £120m from the Bank of England's Covid Financing Facility scheme
The short-term loan, which is repayable in May 2021, has been a method of helping clubs ease the burden on their finances - with north London neighbours Tottenham using it the scheme to borrow £175m last summer.