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
-
Sogakope Circuit Court jails farmer 15 years for incest, defilement
2 hours -
2028 is not a normal election – Amewu explains why NPP needs Kennedy Agyapong
2 hours -
The whole nation wants Kennedy – Amewu makes strong case for Agyapong
2 hours -
31-year-old illegal miner sent to prison over theft
3 hours -
Court remands GPHA staff over stolen tugboat
3 hours -
Attendance at trial is a constitutional duty, not an option
4 hours -
RTI response raises questions over Bryan Acheampong’s military service claims
4 hours -
Two women granted bail over assault of 12-year-old; another remanded
4 hours -
Ghana’s IMF programme extension to August 2026 was to allow more time for final review work – IMF
4 hours -
No records of Bryan Acheampong’s enlistment and release from the US Army – Parliament says in RTI response
4 hours -
Daasebre Osei Bonsu III swears oath of allegiance to Asantehene and pledges unity and development for Asante Mampong
5 hours -
We had fruitful deliberations with private transport operators – Transport Minister
5 hours -
45-year-old farmer jailed 15 years for sexually abusing 14-year-old niece
5 hours -
Lawrence Ofori joins Casa Pia after mutually parting ways with Moreirense
5 hours -
Brazil have talent for World Cup, but victory not guaranteed – ESPN’s Bertozzi
5 hours