Arsenal are set for a financial double blow next season - posting losses for the first time since 2002 and slipping behind Tottenham in the revenue league table.

The Gunners’ accounts for the 2018/19 season are set to produce a substantial loss for two main reasons - Arsenal played again in the Europa League rather than the more lucrative Champions League, plus the club saw a massive fall in player trading profit.

The results is expected to be released in the New Year.