Audio By Carbonatix
Arsenal have taken out a short-term £120m loan to help deal with the impact of the coronavirus pandemic.
The club say they "met the criteria set by the Bank of England for the Covid Corporate Financing Facility" and a loan which is repayable in May 2021.
The Gunners were one of the clubs to briefly welcome back some fans recently.
However, the return of supporters was halted as coronavirus cases increased and greater restrictions were enforced.
An Arsenal statement said: "The CCFF is designed to provide short-term finance at commercial rates during the pandemic to companies that have strong investment ratings and which make significant contributions to the British economy.
"The CCFF is in addition to the loan provided by our owners Kroenke, Sports & Entertainment that enabled us to refinance the debt on Emirates Stadium in August last year."
Latest Stories
-
Kofi Adams rejects claims of external interference in Black Stars player selections
17 minutes -
‘We haven’t received any resignation letter from Carlos Queiroz’ — Sports Minister reveals
1 hour -
Gov’t to revive annual school sports as part of football development strategy — Kofi Adams
2 hours -
CSOs raise alarm over revocation of civilian firearm licences, warn of administrative gaps in implementation
2 hours -
Government creating opportunities for youth to curb drug abuse – Julius Debrah
2 hours -
Chief of Staff calls for united action against drug abuse
2 hours -
MPs should join upcoming national general cleaning exercise — John Oti Bless
2 hours -
Asunafo North Municipal Assembly prosecutes sanitation offenders to deter others
2 hours -
GhIE congratulates Ing Rev. Prof. Charles Anum Adams on election as WAFEO president-elect
2 hours -
Police arrest convicted fraudster Eric Afoakwa while attempting to leave Ghana
3 hours -
Only court orders can override constitutional safeguards in arrests – Justice Abdulai
3 hours -
I never stopped anyone from travelling as AG – Dame condemns arrest of former NAFCO CEO
3 hours -
I’ll choose a stepfather any day; a stepfather shaped the man I am today – Konnected Minds founder
3 hours -
Parents should sue WAEC over examination leakages – Prof. Antwi
3 hours -
School admissions should be based on merit, not protocol – Prof. Opoku Antwi
3 hours