Arsenal have announced an operating loss of £45.5million for the year ending May 2022. Despite incurring such a blow, it actually proves to be a step in the right direction for the club after the previous year saw losses of more than £107million.
The campaign saw Kroenke Sports Entertainment (KSE) invest heavily into Mikel Arteta's project, spending over £100million after the club missed out on European competition for the first time in 23 years.
It was required to make sure they would return to UEFA competitions - the tournaments that bring in the most money. The club have since summed up just how important the investment has been in a statement on arsenal.com.
