Skip to main content

£87m losses at Arsenal

Arsenal have published their 2020 results and the effects of the pandemic are apparent.

Here are a few highlights selected by Kieran Maguire of the PriceofFootball (the 2nd edition of his book with that title is now out with Agenda).

Revenue was down £51m, day to day, losses up from £28m to £87m, net transfer spend £116m, borrowings down (but this is before club borrowed from the Bank of England)

Arsenal net spend on players was £116m in 2019/20, a record for the club. Squad cost up to £616m. Player signings for the season higher than that of any club who has reported to date.

The cost to Arsenal of sacking Emery and his entourage was £9.5m.

Arsenal matchday revenue down to £345m, a noticeable gap repeatedly appearing between them and other big earning London clubs.   Arsenal earn about £3.5-£4m per home match from ticket sales, so lockdown in March 2020 hit matchday revenue by £17m.

Broadcast income was down one third due to timing of matches as well as rebates to broadcasters.  Earned less from this source than the likes of Watford in 2019.

One positive for Arsenal in 2019/20 was a sharp rise in commercial income to a record £147m, but still well below the class leaders (the two Manchester clubs, Chelsea and Liverpool).

Arsenal made profits on player sales of £60m.

The club states on its website: 'Since the year end, the Group has refinanced its stadium finance bonds and undertaken a range of cost-cutting measures. These steps will ensure the club is well placed to respond once the situation starts to improve.

The club continues to have the unwavering support and commitment of its parent company, Kroenke Sports & Entertainment, and its ultimate owner Stan Kroenke.'   That's nice to know.

The full report can be found here: https://www.arsenal.com/media/284069


Labels:

Comments

Post a Comment

Popular posts from this blog

It's no deal say Spurs insiders over Taiwanese takeover

Senior figures at Tottenham Hotspur insisted on Friday that they had not been informed of any deal to sell Daniel Levy’s stake in the club. A business group, Eight Sports Capital — which is said to include a billionaire Taiwanese financier — claimed that it had an agreement in place to buy a 24.99 per cent stake in ENIC, the club’s majority owners, from Levy, who owns 29.88 per cent. The Times has been told Ng Wing Fai and Brooklyn Earick form part of the group, having both been linked previously to potential takeovers of the Premier League club. The Taiwanese businessman, Richard Tsai, is also said to be part of the consortium. He is reportedly worth £7 billion.  Last year Earick, the former DJ and tech entrepreneur, was part of an attempted £4.5 billion takeover, which was “unequivocally rejected” by Spurs.  An ENIC spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’...
Post a Comment
Read more

Spurs CEO attacks luxury training base

The Tottenham Hotspur chief executive Vinai Venkatesham has issued a withering assessment of the way the club was run under Daniel Levy, likening the state-of-the-art training centre to a five-star hotel rather than a centre of high performance.  Venkatesham was appointed to his role in April 2025, having stepped down as chief executive at Arsenal the previous summer. However, he has said that some aspects of the club were “in a significantly worse state” than he expected.  “Our training centre is amazing, one of the best, if not the best in the world,” Venkatesham told BBC Sport. “But when you look around, it looks more like a five-star hotel than it does a performance environment. That will change over the summer. I think there are many areas where the club hasn’t got the right level of expertise.”  He explained that the football side of operations was the club’s main downfall when he arrived last year. [One Spurs fan wryly observed that it was like a water company sayi...
Post a Comment
Read more

Fulham requires big funding from owner

After lengthy delays, Fulham’s shiny, new Riverside Stand has finally opened, creating “a unique Thameside destination with first class facilities for supporters and partners on match days, as well as for the wider community year-round”. This ambitious project has increased Craven Cottage’s capacity by around 4,000 to 29,600, while it has also taken advantage of the club’s fantastic location and wealthy catchment area by including two Michelin star restaurants, a rooftop swimming pool, corporate hospitality and event space, all benefiting from views of the Thames. Chief executive Alistair Mackintosh observed, “Fulham is the sort of club that can have a business class or first class and have fans that turn left on a plane.” Indeed, there is also an exclusive members club – with a football season ticket as an optional extra. It’s fair to say that “the times they are a-changing”, as this is a long way from the traditional pie and a pint. However, in a world where clubs face the tw...
Post a Comment
Read more