COVID-19: Arsenal report Sh16.3 billion loss

March 13, 2020 A woman wearing a mask walks by the Emirates Stadium after manager Mikel Arteta tested positive for coronavirus and their Premier League match against Brighton on Saturday has been cancelled Action Images via Reuters

Premier League club Arsenal said the effects of the COVID-19 pandemic were the main reason for losses of 107.3 million pounds ($144 million/ Sh16.3 billion) for the year end May 2021 after releasing their latest consolidated accounts on Monday.

The figure was more than double the 47.8 million pounds loss for the same period in 2020.