Arsenal have revealed a pre-tax loss of £23.5m for the year to 31 May, compared with a £97.4m profit 12 months earlier.
The reversal is attributed to revenue from outgoing transfers reducing from £122.3m to £16.8m.
The Premier League club says average annual profit club from player sales over the past five seasons, including 2019-20, is £34m.
Playing in the Europa League rather than the Champions League had an "adverse impact".
Arsenal also confirmed their fifth-placed finish last season was below the pre-season target of securing a return to the Champions League after a two-year absence.
The details of Arsenal's matchday revenue will only be known when Arsenal Holdings releases its figures.
However, the sums announced on Saturday underline the Gunners' reliance on player sales to help fund squad-building. The figures do not cover this season and therefore do not include any pay-off to former manager Unai Emery, who was sacked in November.
Overall revenue fell from £388.6m to £367.5m. Wages went down from £204.9m to £200.8m.
LeonardDaVinci111
0
Can’t just make this formation
[image]
remove that fucking joker call Luis, chambers and holding at CBs genius
Miebceruz
1
Arsenal need more defender
ThanglenmangHaokip
2
Thats good, profits comes only when you invest more and Arsenal is trying to extract more profit without Investment. Lol
ceyadelost
0
No need to worry, soon Auba and Laca would be put to sale. This will make Arsenal's balance sheet stronger.
u mean Kroenke's wallet fuller.
ceyadelost
0
The best way to run Arsenal is to run off KRONKE and the board and start afresh. The days of self sustainability are gone. EPL has gone beyond that model. It is either you ship in or ship out.
This has to be the best comment ever on AF. Witty, concise, revealing and to the point.
easymind
1
best news of the decade
ceyadelost
2
Yes, finally a blow for that leech Kroenke. Profit is what he seems to only care about, not winning titles. And u know what would be great, Arsenal fans not buying tickets. Yeah!!! Hit him where it hurts!!!
Hihbnty
0
supporting arsenal should be included in 100 to die
HUM M..MM WE PRAY FOR GOD'S QUICK INTERVENTION
Hihbnty
0
I pray arsenal to loose everything either profit or assets so that Kroenke to leave this club. this is disaster I have never seen arsenal in this situation before.
On point my brother
Leteimo
3
The best way to run Arsenal is to run off KRONKE and the board and start afresh. The days of self sustainability are gone. EPL has gone beyond that model. It is either you ship in or ship out.
caecipy
2
the best lineup
Hoyomacan
3
Let them continue loosing this fucking money
Humancal
1
on possession off possession counter attack
dee_59
2
No need to worry, soon Auba and Laca would be put to sale. This will make Arsenal's balance sheet stronger.
Danteeofficial1
0
Can’t just make this formation
Elvislifede
2
David Luiz has finally accomplished the mission... what a fall of everything, We miss Koscielny, Mertesacker and Monreal... defenses of decades
Son_of_will
0
Nice one lol
nueelnprtu
1
arsenal going to lose more money if they don't invest in good players and hire a good coach!
KrishCR7
3
Nopeklotuy
3
I pray arsenal to loose everything either profit or assets so that Kroenke to leave this club. this is disaster I have never seen arsenal in this situation before.
Hanike_B
2
supporting arsenal should be included in 100 to die
Trust98
1
Nice one
akadnc
2
fail to invest in club and expect profit shame on you!
badbeknz
3
I hope this continues so that the stupid kronke family can leave our dear club alone. I pray for a real football lover and success hungry billionaire buys the club and get us back to the top where we are. Things started falling apart since kronke started getting the shares in the club.
kokbdmnru
0
selfish interest and stinginess
Gunners4ever❤
0
Everything about our club is a joke
Sirhan
1
really hard time for our club currently....but since everything happens for a reason let's hope a multi billionaire who loves football buys the club and revives our glory days