Arsenal's pre-tax loss grows as club release full financial report

28 February 2020

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Photo: PA Images Turnover fell to £395.6 million from £403.3 million due to property development which fell £14.2 million to £829,000.

The club turned a profit of £70.2 million the year before into a pre-tax loss of £32.2 million last season, Arsenal's just released full financial report reveals.

Income from property development weighed down turnover which fell slightly to £395.6 million.

Having earlier revealed the results for Arsenal's football business, this report paints the full financial picture for the club.

Emil Gjerding Nielson nielson@offthepitch.com

Arsenal recorded a pre-tax loss of £32.2 million last year due to no significant player sales, the club's just-released full financial report has revealed.

The club in December revealed the results for the club's football business, but this report from Arsenal Holdings Limited paints the full picture – of a loss £8.7 million bigger than reported back then.

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