Last updated on February 19, 2025
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Arsenal have reported their highest-ever revenue for the latest financial year, yet it ended in a loss.
Image credit: Łukasz Bączek
Arsenal have announced record-breaking revenue of £616.6 million for the financial year ending 31 May 2024, yet the club still posted an overall loss of £17.7 million.
The Gunners’ return to the Champions League for the first time since 2017 significantly boosted their financial performance, contributing to a £71.1m rise in broadcasting revenue and a £29.1m increase in matchday income.
Arsenal’s men’s team finished second in the Premier League, while the women’s side secured a third-place finish in the Women’s Super League and won the League Cup.
Despite the financial loss, the club assured fans that they remain compliant with all financial sustainability regulations set by UEFA and the Premier League.
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Key Financial Highlights
🚨Arsenal moved up to 7th place in the Deloitte Football Money League report with revenues of €716.5m (vs €532.6m 22/23). Sporting results played a key role in the club's financial dynamics.
— Łukasz Bączek (@Lu_Class_) January 22, 2025
⚽️Total €716.5m⬆️35%
🏟️Matchday €153.4m
📺Broadcasting €305.4m
💼Commercial €257.8m pic.twitter.com/dwoZ21uy2x
- Revenue Growth: Arsenal’s £616.6m revenue marks a 32.1% increase from the previous year’s £466.7m.
- Reduced Losses: The club’s £17.7m loss represents a 66% decrease from the £52.1m loss posted in 2022-23.
- Champions League Impact: Broadcasting revenue rose from £191.2m to £262.3m, while matchday revenue jumped from £102.6m to £131.7m.
- Wage Bill Surge: Total wage costs soared by 40%, increasing from £234.8m to £327.8m, largely due to investments in both men’s and women’s squads.
- Profit from Player Sales: Arsenal made £52.4m from player transfers and loans, up from £12.2m.
- Finance Charges Rise: Net finance charges climbed from £6.2m to £18.4m.
Club’s Financial Strategy
Arsenal acknowledged that player trading profits continue to play a vital role in overall financial stability.
However, the club noted that market conditions have impacted liquidity, making it harder to achieve significant profits in the transfer market.
Commercial revenue also saw a major boost, increasing from £169.3m to £218.3m, with Arsenal citing the renewal and extension of their partnership with Emirates as a key factor.
While Arsenal’s finances are trending in the right direction, questions remain about how the club will navigate rising wage costs and potential squad investments in the upcoming transfer windows.