Arsenal recorded an overall loss of £17.7million ($22.3m) in the year ending May 2024, a considerable improvement on the previous year’s loss of £52.1m, while their spending on salaries increased by 40 per cent.
Player trading has a significant impact on profitability and the restricted budgets of buying clubs had a negative impact: https://www.bbc.co.uk/sport/football/articles/cly3n20xnmgo
The club’s wage bill now stands at £328million, which though
a big jump on the 2023 accounts, is still only the fifth-highest in the Premier
League for 2023-24.
There has been a huge jump in revenue from £466.7m to
£616.6m which is partly attributed to on-field success, via the long-awaited
return to the Champions League. Participation in Europe’s top competition
brought in £80.4m — more than double what Arsenal earned from the Europa League
in 2022-23.
Matchday income has risen by 28 percent to £131.7m, taking
them above neighbours Tottenham Hotspur and second in England only to
Manchester United.
Arsenal’s commercial performance has also improved by 29 per
cent, led by the renewal of the Emirates sponsorship agreement and the naming
rights for Arsenal’s Sobha Realty Training Centre.
Crucially, there were also no ‘exceptional items’ impacting
2023-24’s losses. The previous year, Arsenal had to write off £18.1m
relating to the termination of Nicolas Pepe’s deal.
The year’s accounts show £256m was spent on new players,
though sales reduced the club’s net spend to £190m. That takes Arsenal’s net
spend over the last five seasons to £777m— second only to Chelsea (£834m from
2019-23) — though summer 2024 saw a significant fall in activity (net spend:
£21m).
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