Arsenal could be set for a loss of approximately £144 million ($178m) for the year 2020-21 if all games next season are staged behind closed doors.
That is according to findings made by the Arsenal Supporters' Trust (AST), which has produced detailed analysis of the potential impact the Covid-19 crisis could have on the club’s finances over the coming months.
In an email sent out to members, the AST warned that Arsenal’s cash reserves could be ‘wiped out’ should the worst happen next season and predicted that the summer transfer window would be a quiet one as a result.