Mikel Arteta accepts that Arsenal’s absence in European competitions will hurt the progress of the club financially as attracting top talents will be difficult for the club.

The Gunners have failed to impress this season following the sack of Unai Emery before Arteta’s takeover.

The Gunners are ninth on the Premier League and must win against Liverpool if they want to challenge for a European place following the revoking of Manchester City’s two-years European ban.

In The Guardians “Arsenal’s ongoing Champions League absence has not been so costly” article, Arsenal’s absence from the Champions League in Arsène Wenger’s final season cost the club only 8% of its total £423m football revenues the previous year, 2016-17, the last in which they played in the Champions League.

The Gunners are out of reach of the top four and must fight for either a fifth or sixth spot in the League or grab the FA Cup trophy to guarantee Europa League place

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“European football gives you more financial resources, that is clear, and we are going to keep trying until the end of the season to try and achieve that,” Arteta said in his pre-match interview.

“After that, we will assess where we are and what our capabilities are to recruit, to maintain the players that we have and maintain the structure that we have in place at the moment at the club, and move forward from there.

"The focus and the determination in the side tonight was very high and the most important thing is the three points."

The Gunners will play defending champions, Manchester City in the semifinals of the FA Cup on Saturday, July 18, 2020, and when asked whether he would prefer to rest players for the City game, the Spaniard responded that the strongest team would be lined up in both games.

“I believe that it’s very important to have energy and momentum going into important matches, and in order to do that, you have to go game by game.

“Today and tomorrow we will assess the players and how they are, and obviously they’ve been hit and a lot of them have played some crazy minutes up until now and again we’re going to have games every two and a half days.

"We will try to put the strongest team out as possible here and as well on Saturday, and do that we need to know how everyone recovers from the game.”