Arsenal have reported a loss for the second financial year in a row, suffering a £47.8 million ($66m) loss in 2019-20.
The latest figures show the club's financial results until the end of May last year, before the end of the Premier League's three-month suspension because of the Covid-19 pandemic.
The Gunners declared a £27.1m ($37m) loss for the 2018-19 financial year, the first time the club had a loss since 2002.
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How much did Arsenal lose?
The report states that £35m ($48m) of the last year's pre-tax losses that are attributable to Covid-19 are made up of £14m ($19m) of lost matchday revenues, the deferral of £34m ($47m) of broadcasting revenues into the next financial year and £6m of other commercial and broadcasting revenue losses.