Arsenal have published their accounts for the year ending May 31 2019 - showing a £30million loss in matchday revenue.
The Gunners have gone from a pre-tax profit of £97.4million to a pre-tax loss of £23.5million amid wretched form on the pitch.
Arsenal made over £100million less in player sales - going from £122million to £16million - not including figures from the summer transfer window.
But perhaps the most stark figure was the matchday revenue falling to £69million.
Overall, revenue fell from £388.6million to £367.5million - something the club attribute to the delay in season ticket sales following the Europa League final.
Commercial earnings increased by £4million following the addition of new kit partner Visit Rwanda.
The club have retained a cash balance of £107million.
Arsenal have released the figures amid something of a crisis as they desperately look for a new permanent manager following the sacking of Unai Emery.
The Gunners are winless in the Premier League since October 6 - a run of seven top-flight games.
Freddie Ljungberg has taken caretaker charge of the last two fixtures, overseeing a 2-2 draw at Norwich and a 2-1 home defeat by Brighton .
The Swede will be in the dugout once again as Arsenal travel across London to West Ham for Monday Night Football.
