Arsenal suffered an increase in losses for 2021 of 136% from last year, with losses of 127.2 million pounds compared to 54 million pounds of losses last year before tax.
The North London side finished eighth in the Premier League in the 2019/20 season but won the FA Cup meaning they qualified for the Europa League.
Although Mikel Arteta’s side loaned out a lot of players, their income from sale of player registrations or loan of players dropped from £63.6 million in 2020 to just £14.8 million in 2021; this is a loss of 76% before tax. This was the biggest loss from any department of the club from 2020 to 2021.
The club brought in multiple players in the 2020 summer window, including Thomas Partey for £45 million pounds and Gabriel Magalhaes for £23.14 million. In total, Arsenal spent around £75 million on transfer fees and loan fees over the summer and only made back around £16.7 million in departures.
Arsenal played 31 home games in total last season, but only two matches were played with any fans in attendance. This left Arteta’s side with a fall in matchday revenue of around £75 million to just £3.8 million.
The Gunners exceptional costs increased from £13.6 million to £39.8 million due to exceptional costs of £32.2 million, relating to the redemption of the Group’s stadium finance bonds and refinancing via a loan provided by the Group’s ultimate parent company, KSE UK Inc. The refinancing was linked to the pandemic as significant elements of the stadium finance bond arrangement were linked to gate revenues.
