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(Video) Arsenal Denied Penalty And Emirates Cup Trophy By Dreadful Refereeing Decision

Gunners miss out on preseason silverware because of Martin Atkinson howler.

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Three-time winners Arsenal were forced to settle for second place in the 2014 Emirates Cup after losing 1-0 to AS Monaco on Saturday.

La Liga side Valencia won the tournament with nine points, but Arsenal would have pipped them had they equalised against Monaco.

The Gunners should have had a golden opportunity to do just that in the dying minutes when Chuba Akpom was hauled down by goalkeeper Danijel Subasic.

Referee Martin Atkinson initially gave a penalty, before wrongly changing his mind and awarding a free-kick.

Subasic was shown a yellow card.

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