Broadcast income from UEFA from the Europa League was £36.6m, with gate receipts and prize money on top.
There will also be reduced commercial income, including from sponsors, – and they face a further blow of having to pay more than £4.5m back to season ticket holders a rebate for not reaching the seven cup matches they are guaranteed.
The Gunners will miss out on £8m more in prize money compared to last year. And if they had won the competition – a further £3.4m.
Last year’s figures showed that Arsenal made £27m last year, after making a £56.5m profit the year before. Total staff costs, including player wages, grew by £8.4m to £231.7m.
Arsenal’s wage bill has been a major issue in recent years, with director Josh Kroenke saying this summer that the club has “a Champions League wage bill on a Europa League budget”.
