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Financial results published
Arsenal Holdings Limited has now published its consolidated accounts for the year ended May 31, 2020. The loss for the year after taxation was £47.8 million (2019 – loss of £27.1 million).
The financial results have been materially impacted by the coronavirus pandemic and the consequent lockdown and suspension of the 2019/20 football season. Matches from the closing part of the 2019/20 season, including the club winning the Emirates FA Cup for a record 14th time, were completed in the next financial year, ending May 31, 2021. Pre-tax losses of £35 million were directly attributable to COVID-19. The impacts of the pandemic have extended into season 2020/21 and are ongoing....
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-4y from Arsenal.com
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