9 hours agoArsenal in a financial crisis, gets 120 million loans
Periskopi(5 years ago)
(5 years ago)Arsenal has received a loan worth 120 million pounds from the Bank of England in order to provide financial resources during the coronary pandemic crisis. The loan must be returned at the end of May, at an interest rate and is expected to be designated to cover losses, and will have no impact [...]
The loan should be returned at the end of May, at an interest rate and is expected to be designated to cover the losses, and will have no impact on Michel Arteta's plans for the transitional January deadline.
Arsenal is experiencing the financial consequences of Covid 19, especially in terms of revenues from fans at the stadium, which in normal circumstances bring about 96 million pounds a year to the London club.
Tottenham Hotspur had received such a loan long ago.
