February 21, 2021 Arsenal's Hector Bellerin in action with Manchester City's Gabriel Jesus [REUTERS]Arsenal have reported a loss of 47.8 million pounds ($65.97 million) in the last financial year as the COVID-19 pandemic disrupted schedules and forced games to be played in empty stadiums, the Premier League club said on Friday. "The club continues to have the unwavering support and commitment of its parent company, Kroenke Sports & Entertainment, and its ultimate owner Stan Kroenke." February 21, 2021 Arsenal manager Mikel Arteta [REUTERS]In January, Arsenal borrowed 120 million pounds from the Bank of England to ease the strain on their finances -- an amount that the club must repay by May 2021. Subscribe to Our Newsletter Subscribe to our newsletter and stay updated on the latest developments and special offers! The report also showed Arsenal spent 10.4 million pounds in replacing manager Unai Emery and his coaching staff with Mikel Arteta and his assistants in December 2019.

Source: Standard Digital March 06, 2021 06:00 UTC