Thursday's Most Important Stories: Arsenal in £120 million Bank of England short-term loan to ease cashflow; Hoffenheim owner calls for "rethink" of football in light of pandemic; Rennes expect €40 million deficit due to Covid-19 and Mediapro collapse

7 January 2021

Kroenke
Photo: PA Images "This is a similar approach to that taken by a wide variety of major organisations across many industries including sport, and is repayable in May 2021," Arsenal said in a statement.
Emil Gjerding Nielson nielson@offthepitch.com

1. Arsenal in £120 million Bank of England short-term loan to ease cashflow

Arsenal have taken out a £120 million short-term loan with the Bank of England to "work through" the consequences imposed by the coronavirus pandemic that continues to weigh down the world of football.

"This is a similar approach to that taken by a wide variety of major organisations across many industries including sport, and is repayable in May 2021," Arsenal said in a statement.

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