Arsenal recorded a post-tax loss of £45m in their most recent financial year as the absence of European football for the first time in the 25 years hit hard.
While the wage bill fell considerably and the return of supporters provided a significant boost in matchday income, the club said that "the loss of the revenue associated with UEFA football was the principal contributory factor in terms of the overall result for the year."
Arsenal's wage bill, which includes all staff and not just Mikel Arteta's squad, was trimmed to £212.3m (down from £244.4m a year earlier). Matchday income totalled £79.4m. A year earlier, with the majority of games behind closed doors owing to the pandemic, Arsenal earned only £3.8m from home games.
