Arsenal lost £17.7 million in the 2023/24 season despite a return to the Champions League helping to post a club record £616.6 million ($775 million) revenue.
Before bowing out to Bayern Munich, the Gunners came out on top to finish second to Manchester City in the Premier League and advance to the quarter-finals of their first Champions League campaign since 2016/17.
A return to the elite club competition in Europe resulted in a £71 million increase in broadcasting revenue and a £29 million increase in matchday revenue.
Thanks to the club’s renewal of its contract with Emirates, shirt sponsor, and Sobha Realty’s sale of the training ground’s naming rights, commercial income increased significantly to £218.3 million.
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However, wages skyrocketed to £327.8 million from £234.8 million.
The loss of £52.1 million posted in the previous 12 months was improved by the figures.
The Premier League and UEFA have both passed financial sustainability laws, according to a statement from Arsenal.
We look forward to a successful conclusion to the 2024/25 season with the addition of the following: “The results of the club’s executive qualifications for the UEFA Champions League for both the men’s and women’s teams are positive continuation of the club’s progress.”
Source: Channels TV
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