Arsenal hit by £17m+ blow – confirmed
Arsenal suffered a £17.7million loss last season despite posting a record-breaking revenue, sources have told Football Insider.
The Premier League side’s accounts for 2023-24 revealed their revenue surged from £466.7million to a new club-record figure of £616.6million – marking a 32.1 per cent increase.
The London giants’ strong financial performance was driven by their return to the Champions League and a significant uplift in commercial income.
Arsenal’s commercial revenue increased from £169.3million to £218.3million, while broadcast income improved from £191.2million to £262.3million and matchday rose from £102.6million to £131.7million.
The club’s £17.7million loss across the period was down on their £52.1million deficit for 2022-23, with top-flight sides permitted to make £105million of losses over a rolling three-year period under the profit and sustainability rules (PSR).
However, the wage bill at the Emirates increased dramatically from £234.8million to £327.8million last season.
The club spent more than £200million on the signings of Declan Rice, Kai Havertz and Jurrien Timber in the summer of 2023, while David Raya also joined initially on loan from Brentford.
Mikel Arteta is angry after Arsenal’s transfer stance
Arsenal came close to getting their hands on the Premier League trophy last season, but they were pipped to the title by Manchester City.
Mikel Arteta’s side currently sit second in the table behind Liverpool, who hold an eight-point lead at the top after playing one game more than their title rivals.
Finance expert Stefan Borson told Football Insider Arsenal have a “huge” PSR capacity to agree new signings despite failing to make any additions to their squad in the January transfer window.
Emirates chiefs saw a bid turned down for Aston Villa star Ollie Watkins just days before the deadline as they looked to strengthen their forward line for the second half of the campaign.
Former Man United chief scout Mick Brown told Football Insider Arteta is angry about Arsenal’s transfer stance in the mid-season window.
Their ongoing injury crisis has left just Raheem Sterling, Leandro Trossard and Ethan Nwaneri as the only fit attacking players.
| Financial Year | Arsenal Revenue |
| 2023-24 | £616.6m |
| 2022-23 | £466.7m |
| 2021-22 | £369.1m |
| 2020-21 | £327.6m |
| 2019-20 | £343.5m |
Arsenal have landed guaranteed £75m windfall
The north London giants are still fighting on two fronts this season as they look to keep the pace with Liverpool in the Premier League and are through to the last 16 of the Champions League.
Arsenal have landed a guaranteed £75million windfall after finishing third in the revamped league phase of the European competition.
Arteta’s side will find out on Friday (21 February) whether they will face Feyenoord or PSV in the last 16 of the Champions League.
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