- Arsenal will record a £19m loss for this year if the remaining games are played without fans.
- The Gunners can suffer a total £144m in losses by the end of next season if home games are held with empty stands.
- Big transfer deals this summer are likely off the table because of the financial impact of coronavirus.
Arsenal Supporters' Trust have crunched the numbers behind the financial losses the club can suffer as the result of coronavirus and things are not looking good.
The Gunners are estimated to record a £19m loss by the end of this financial year because the remaining matches will be played without fans. This number will zoom in on £144m if the entirety of next season is also played behind closed doors.
Here are some other interesting points from their analysis based on the assumption the next campaign will be played with empty stands.
- The Club will have to significantly cut costs, most likely via players' wage reductions and/or by taking a loan.
- Big transfer signings will be off the table.
- Revenue from sponsors might drop by 12.5%.
- A lucrative summer tour is unlikely.
- Sponsorship revenue may drop by one-third by the end of the season.
- Arsenal currently have £69m in cash in the bank - this sum could be wiped out to meet other financial commitments.