February 21 – Arsenal have posted record revenues of £616.6 million for the year to 31 May 2024 with reduced losses of £17.7 million from £52.1 million in the year to May 2023.
The revenue jump is an £150 million uplift on the £466.7 million posted the previous year.
The numbers show strong increases across all revenue lines but the real driver was the club’s return to the Champions League.
“The return of Champions League football meant there were 25 home fixtures and matchday revenue increased to £131.7 million compared to £102.6 million in the prior year. Across all men’s home fixtures, the average attendance was 60,095 (2023: 60,082),” said a club statement.
“Broadcasting revenues rose to £262.3 million (2023: £191.2 million), the reason for this being principally the higher levels of UEFA distribution from Champions League as compared to the UEFA Europa League in the previous season.”
A new commercial strategy saw revenues from to £218.3 million from £169.3 million, boosted by the extension of the shirt sponsorship with Emirates who also own the naming rights to the stadium. The club also sold the naming rights to the Sobha Realty Training Centre.
With Champions League football and a performance that eventually saw them finish second in the Premier League, came a near £100 million increase in wage costs to £327.8 million to £234.8 million.
“The increase was mainly driven by investment in player wages in both men’s and women’s teams. There was also an impact from increased commercial and operational headcount,” said the club.
Contact the writer of this story at moc.l1740233218labto1740233218ofdlr1740233218owedi1740233218sni@n1740233218osloh1740233218cin.l1740233218uap1740233218