Arsenal have announced a £30million loss in matchday revenue for the year ending May 31 2019.

Having previously posted a pre-tax profit of £97.4million, the club have now revealed a pre-tax loss of £23.5million, as reported by The Mirror, with matchday revenue going down to £69million.

Not including deals from the summer transfer window, Arsenal made over £100million less in player sales, with the figure falling from £122million to £6million.

Arsenal announced a £30million loss in matchday revenue for the year ending May 31 2019

Arsenal have retained a cash balance of £107million, while commercial earnings went up by £4million due to the partnership with sleeve sponsor Visit Rwanda.

However, Arsenal's overall revenue went down from £388.6million to £367.5million, with the club attributing that decline to the delay in the sale of season tickets following the Europa League final.

The club have revealed a pre-tax loss of £23.5million, but have a cash balance of £107million

The Gunners are currently enduring their worst run of form since 1977 and have gone nine matches without a win.

Arsenal are yet to appoint a new permanent head coach following the departure of Unai Emery, with Freddie Ljungberg currently in temporary charge.