Arsenal reports £17.7m loss despite £616.6m revenue in 2023/24 season

Arsenal posted a loss of £17.7 million in the 2023/24 season, despite returning to the Champions League and helping generate a club-record £616.6 million ($775 million) in revenue.

The Gunners narrowly missed out on the Premier League title, finishing second behind Manchester City, and reached the Champions League quarter-finals before being eliminated by Bayern Munich.

A return to Europe’s elite competition contributed significantly to financial growth, with broadcasting revenue increasing by £71 million and matchday income rising by £29 million.

Commercial income also saw a major boost, reaching £218.3 million, thanks to an extension of the club’s partnership with Emirates and a new training ground naming rights deal with Sobha Realty.

However, wage expenses surged to £327.8 million, up from £234.8 million in the previous season, impacting the club’s overall financial position.

Despite the losses, the figures mark an improvement from the £52.1 million deficit recorded in the previous year.

In a statement, Arsenal assured that they remain compliant with UEFA and Premier League financial sustainability regulations.

“Consecutive qualifications for the UEFA Champions League for 2024/25 for both men’s and women’s teams represent a positive continuation of the club’s progress, and we look forward to an exciting end to the 2024/25 season.”

Arsenal currently sit second in the Premier League, seven points behind Liverpool, with 13 games remaining. They have also progressed to the Champions League last 16, keeping hopes alive for silverware this season.