Arsenal posts first loss since 2002, needs to sell players to make profit

Premier League club Arsenal has recorded losses after taxation of £27.1m (€31.1m/$34.5m) in the 2018-19 financial year – the first overall loss recorded by the club since 2002.

Although revenue was up by £6.5m to £394.7m for the year ended May 31, 2019, the bottom line was hit by much smaller player trading profits – £12.2m against £120m the previous year.