Arsenal may be put in the embarrassing position of having to pay back money to season ticket holders as a result of their failure to progress past the Europa League last-32 stage.
The Gunners were strong favourites to reach the last-16 after they beat Olympiacos 1-0 in the first leg of their tie in Greece.
But they were knocked out in dramatic fashion when a goal from Youssef-El Arabi in the 119th minute of the second leg at the Emirates gave Olympiacos a 2-1 win on the night and ensured they progressed on the away goals rule.
The club have recorded losses of £27.1million for the year ending in May 31, 2019, and to add insult to injury they could have to compensate season ticket holders £4.5m for not reaching the seven cup matches they are guaranteed as part of the ticket.
Arsenal played one Carabao Cup match at home, which ended in a 5-0 win over Nottingham Forest, but were knocked out in the next round of the competition when they were defeated on penalties by Liverpool at Anfield.
They played four further home games in the Europa League, with the knockout stage loss to Olympiacos coming after group stage games against Standard Liege, Vitoria and Eintracht Frankfurt.
They also beat Leeds in the third round of the FA Cup, taking the total tally of home cup games this season to six, and that means if Pompey cause a shock and beat the Gunners on Monday a payment to supporters would have to be made.
Even if Mikel Arteta's side triumph on the South Coast, they would still need a home draw in the quarter-finals to avoid reimbursing fans, with the semi-finals and final taking place at Wembley.
Source: Read Full Article