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Arsenal suffer £23m Champions League hit

Mar 01, 2018 - City A.M.

ARSENAL have revealed that missing out on Champions League participation for the first time in 21 years led to a £23.4m drop in football revenue in their half-year results.

Turnover from football for June to November fell to £167.7m from the 2016 figure of £191.1m, while operating profits from football plummeted to £15.6m from £54.2m.

The club - who host Premier League leaders Manchester City tonight - cited a decline in broadcast, ticket and commercial revenue caused by playing...