Arsenal have announced a loss of £17.7million ($22.3m) for the year ending May 31, 2024.
The north London side generated a club-record £616.6m for the 12-month period — compared to £466.7m a year earlier — with £52.4m coming from player trading.
Mikel Arteta’s side returned to the Champions League after a six-year hiatus and reached the quarterfinals, losing to Bayern Munich 3-2 on aggregate. Arsenal Women also played six games at Emirates Stadium — including setting a WSL attendance record of 60,160 for their game against Manchester United.
The accounting period also reveals a significant increase in wages from £234.8m to £327.8m. Arsenal’s transfer business during this year includes signing Declan Rice from West Ham for a fee of up to £105m, Kai Havertz from Chelsea for £67.5m and Jurriën Timber for an initial fee of £38m.
Significant sales including allowing Folarin Balogun to join Monaco for around £35m and Granit Xhaka joining Bayer Leverkusen for £21.4m but Arsenal suggested UEFA’s Financial Fair Play regulations and the Premier League’s Profit and Sustainability Rules (PSR) have created a tougher market in which to raise funds.
A statement on the club’s website released…
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