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Mikel Arteta Talks Arsenal Transfer Plans Amid 'Enormous' Impact of No UCL

Chloe Knott - Danehouse/Getty Images

Mikel Arteta has discussed the impact the lack of UEFA Champions League football has had on Arsenal's finances ahead of the summer transfer window.

Arteta's comments come after the Gunners announced a post-tax loss of £27.1 million for 2018-19, down from a profit of £56.5 million the year before.

The Spaniard said:

"The damage caused by the club not being in the Champions League for the third season is really big.

"Financially the impact is enormous because the structure of this club is built to be in the Champions League, and you can sustain that for one year or two, but then after you have to start making decisions.