Arsenal's Europa League exit could lead to staggering $411m loss along with player exodus

Prior to Europa League game against Olympiacos, Arsenal manr Mikel Arteta laid out avenues through which Arsenal could secure survival in European football next season. Those avenues took a dramatic turn on Thursday night when Arsenal crashed out of Europa League after a 1-2 defeat at home to Olympiacos. While Aubameyang miss and Europa League exit would have understandably left a bitter taste at Emirates this week, exit could also drastically impact finances at Arsenal.

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Arsenal vs Olympiacos highlights: Arsenal revenue could plummet by $411 million after Aubameyang miss, Europa League exit

Premier League clubs have released ir financial reports for preceding financial year this week. While Manchester clubs have faced financial troubles in recent years, Liverpool posted a record revenue earlier this week. When it comes to Arsenal, however,  revenue section could make for grim reading.

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Arsenal fans have had a fractured relationship with Europa League since UEL final last year. With clubs in Champions League collecting an increasing amount in revenue for ir participation in tournament, Arsenal’s revenue has fallen drastically with ir Europa League participation. According to Athletic, Arsenal’s revenue fell by £35 million (8%) from £423 million to £388 million in 2017-18, courtesy of ir Europa League participation. For 2018-19 season, Arsenal revealed that y received £37 million in revenue distribution from UEL participation, with Champions League clubs raking in £45-60 million over that season.

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Arsenal vs Olympiacos highlights: Aubameyang miss, Arsenal revenue loss could spell fire sale

Arsenal are currently ninth in Premier League. While Mikel Arteta’s side still have an outside chance of qualifying for Champions League, failure to do so will mean that next possible year for Gunners in Champions League could be 2021. According to projections posted above, this could lead to club losing out on over £210 million ($411 million) in revenue due to ir absence.

With lack of Champions League football, a number of Arsenal stars could also be forced to rethink ir future at Emirates. This, in addition to £210 million ($411 million) that will be missing from Arsenal revenue section, could also force Arsenal to sell a number of ir star players. likes of Pierre-Emerick Aubameyang, Gabriel Martinelli, Bukayo Saka, Alexandre Lacazette and Matteo Guendouzi could be among names that will attract interest from clubs in and out of England following  $411 million hole in Arsenal's revenue. Aubameyang miss against Olympiacos, refore, could prove to be costly for Gunners in more ways than one. 

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