Arsenal’s accounts for the 2019/20 season have been announced, revealing a massive £47.8 million loss.
The figures cover the expenses during the time period from May 31st 2019 through to May 31st 2020. Therefore, Premier League matches played during June and July, as well as August’s FA Cup win, are not included in the report.
According to Football.London, the COVID-19 pandemic and subsequent halting of all football cost the club £34m in broadcasting money, as well as £14m in matchday revenue. However, the £34m in broadcasting money will count towards next year’s accounts.