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Arsenal take a loan for cash flow … and squad management?
Morning all. It's Friday, on Saturday we play Newcastle in the FA Cup, but I'll leave any previewing of that game till tomorrow. Let's start this morning with news from yesterday which saw the club announce they had taken a £120m loan from the government's Covid Corporate Financing Facility (CCFF) scheme. The statement read: We are taking a short-term £120 million loan through this facility to partially assist in managing the impacts of the revenue losses attributable to the pandemic. 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. The CCFF is designed to provide short-term finance at...
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-3y from Arseblog.com
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