COVID-19: Cash-Trapped Arsenal Receive £120m Loan

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COVID-19: Cash-Trapped Arsenal Receive £120m Loan

The empty stadium is pictured ahead of the English Premier League football match between Arsenal and Liverpool at the Emirates Stadium in London on July 15, 2020.Arsenal have taken out a short-term £120 million loan from the British government to help them cope with the impact of the coronavirus pandemic, the Premier League club announced Thursday.

Thursday saw the club confirm they were utilising a scheme from the Bank of England, the national central bank, to bolster their revenue at a time when matches at their Emirates Stadium are again being played behind closed doors amid a fresh country-wide lockdown. “This is a similar approach to that taken by a wide variety of major organisations across many industries including sport, and is repayable in May 2021.

 

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Who wrote this, research abeg Always backward Copycats on all sport news Not saying cause am an arsenal fan, but is so annoying to see some trash for a game I love. Spurs and United took this loan, were they cash trapped. Well done. Spend time on research, don’t follow follow💯

I'm not surprised arsenal is broke

Lol Arse dey borrow money?

Stay safe y'all ✌❤ Need a work from home, read this thread

It can never be ManUtd

120m loan for a relegating club... I think arsenal would miss Wenger and Gazidis alot

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