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Arsenal Women's team earns more than many League One clubs

Arsenal Women’s team publishes 21/22 accounts. Revenue up 62% to £6.9m which puts it ahead of many League One clubs and breaks even for the year, but is there a but, asks football finance guru Kieran Maguire.?

Main assets are player transfer registrations (£250k) and debtors from other institutions. Company owns no property or equipment assets itself.

In terms of income sources, new WSL television deal (worth £8m a year) quadruples money from that source, fans returning post Covid helps ticket sales but 74% of revenue comes from parent company.

Wage bill up to £4.3m, again exceeding some L1 and L2 clubs in EFL. Wages 63% of total revenue (which looks good) but 242% of revenue if exclude money from parent club. Staff numbers up 20%

Arsenal Women’s team signed players for £320k in 2021/22, taking total squad cost to £1/2 million. A lot of debts sloshing around owing both from (£575k) and to (£1.7m) other parts of the group.

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