Arsenal take £ 120million loan due to impact of COVID-19 …
Arsenal has taken out a short-term loan of £ 120million to partially cover lost income caused by the COVID-19 pandemic.
The club have met the criteria set by the Bank of England to qualify for the government’s Covid Corporate Financing Facility (CCFF), designed to provide short-term loans at reasonable rates to companies that contribute significantly to the British economy.
The loan, which will be repaid in May, will allow the club to maintain positive cash flow and will not be used to sign players during the transfer window.
… As Balogun approaches the exit
As David Ornstein and James McNicholas revealed earlier today, Arsenal striker Folarin Balogun is set to sign a pre-contract deal to join a foreign club.
The 19-year-old, who made his senior debut earlier this season, will be out of contract in July and has failed to reach an agreement with Arsenal on a possible extension.
Balogun is worried about his first-team opportunities at Arsenal, having made just five substitute appearances in cup competitions so far this season.
Aston Villa clash with Liverpool in danger after COVID-19 outbreak in Villa
The FA Cup shock on Friday is threatened after “a large number of players and first-team staff returned positive tests” to Villa.
Those who tested positive for COVID-19 have isolated themselves and first-team training was canceled today after the Villa’s Bodymoor Heath training ground was closed.
The clubs are said to be in dialogue with the FA to determine if the third round game goes as planned.
Southampton v Shrewsbury game will not go as planned
One FA Cup game that certainly won’t take place this weekend is Southampton’s game against Shrewsbury.
The game was originally scheduled for Saturday afternoon, but a number of positive tests from League One’s side have meant the game cannot go ahead.
Southampton could be given a pass or the game could be rescheduled.
Marines players will be put on leave if they don’t beat Spurs – CEO
Navy players will be on leave if they do not beat Tottenham Hotspur in their FA Cup third round, Marine CEO James Leary has said. athleticism.
Leary, speaking on the Business of Sport podcast with Mark Chapman and Matt Slater, also said his eighth tier club missed around £ 100,000 due to his FA Cup run being played behind closed doors.
Marine will face Premier League side Tottenham at 5 p.m. on Sunday.
Moussa Dembele has no interest in moving to West Ham
It was suggested on Thursday that West Ham had made contact with Dembele, but The Athletic understands that is not the case.
Dembele is reportedly focused on playing for Lyon, who lead Ligue 1 and hope to qualify for the Champions League next season. For now, the 24-year-old sees it as more exciting than a move to east London.
West Ham are looking to sign another striker as Sebastian Haller is set to spend € 22.5million on Ajax. Michail Antonio is their first choice up front, but they will have to bring in another striker due to his injury record.
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