Arsenal's stayaway fans are now hitting the club's bottomline.
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.