FILE PHOTO: Soccer Football - Premier League - Arsenal v Aston Villa - Emirates Stadium, London, Britain - November 8, 2020 General view of a corner flag inside the stadium before the match Pool via REUTERS/Andy Rain/Files
(Reuters) - Arsenal have borrowed 120 million pounds ($162.65 million) from the Bank of England to ease the strain on their finances as a result of the COVID-19 pandemic, the Premier League club said on Thursday.
The club announced it has met the criteria set by the Bank of England for the Covid Corporate Financing Facility (CCFF), and they have taken out a short-term loan, which must be repaid by May 2021.
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