Arsenal have enjoyed a remarkable start to the season in the Premier League - but the Londoners' latest financial results made for some bleak reading on Friday.
The Gunners will spend Christmas at the top of the tree, but they have certainly felt the pinch off the pitch after missing out on European football for the first time in 25 years last year. The effect of the pandemic, which saw games played behind closed doors, also had an impact as Arsenal recorded a post-tax loss of £45million.
Reassuringly, though, for Arsenal fans, the club - including Gunners boss Mikel Arteta - have already responded to those losses. While overseeing the club's revival on the pitch, the Spaniard has successfully managed to trim Arsenal's wage bill, which now sits at £212.3m (down from £244.4m a year earlier).
