Arsenal boss Mikel Arteta admits difficult decisions will have to be made this summer in the transfer market.
The north London club saw their best route back to the Champions League closed on Thursday night when they exited the Europa League after a shock defeat to Olympiacos.
And then just 24 hours later Arsenal announced a loss after tax for 2018-19 of £27.1 million. It was the club’s first overall loss since 2002.
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“Our player trading profit for this financial year was limited and this combined with a second consecutive season of Europa League football,” commented chairman Sir Chips Keswick.