Arsenal revenue could ‘fall off a cliff’ as financial alarm bell rings despite Mikel Arteta success

Arsenal need to continue fighting for trophies in future campaigns to ensure they maximise the benefits of expected record revenue this season.

That is the view of former Everton chief executive Keith Wyness, speaking to Football Insider, who warns the Gunners that they could find it easier to spend money when they are earning more of it.

Mikel Arteta’s side are two points clear at the top of the Premier League table with two games to go, and look on course to lift their first title in over 20 years.

Alongside that, Arsenal will face PSG in the Champions League final, meaning Arteta could lead the north London club to a historic double.

Stronger performances on the pitch means broadcast, commercial, and matchday income are all expected to increase at Arsenal this season, and surpass their previous record revenue of £691million.

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Arsenal ‘investing a lot of money’ for future success

Everton’s former chief Keith Wyness – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – warns Arsenal that record revenue will now be “expected” every season.

Speaking on the new edition of Football Insider‘s Inside Track podcast, Wyness believes that Arsenal are in a strong position right now to continue being successful next season and beyond.

Total Turnover£691m
Commercial Revenue£263.2m
Matchday Revenue£153.9m
Pre-Tax Result-£1.4m
Arsenal’s 2024-25 financial accounts.

He told Football Insider‘s Inside Track podcast: “This is what’s going to come to be expected though, that’s the issue.

“This is something that once you start getting to that sort of level of revenue, you tend to spend it quite easily, and then if it just all falls off a cliff one season, that’s the hard thing.

“There’s no sign of that happening though. Arsenal are building a strong squad, and we know that there’s a lot of money being invested in those younger players as well.

“So look, it’s all good for Arsenal right now.”

Arsenal wage bill to skyrocket as player sale expected

Former Manchester City financial advisor Stefan Borson told Football Insider that Arsenal’s wage bill could reach up to £400m due to their success this season.

Reaching the Champions League final will mean Arsenal’s wage bill is expected to surpass £374m, which the club recorded in their 2024-25 accounts.

The Gunners have also been keen to tie down stars to the club, with Bukayo Saka signing a contract worth £300,000 a week this season.

Amid a rising wage bill, and up against financial rules, it is expected that Arsenal will sell a first-team player this summer, which could be either captain Martin Odegaard or winger Gabriel Martinelli.

💰 ARSENAL INSIDER UPDATE 💰

Inside the transfer budget, player wages, new kits, off-pitch deals and boardroom developments at Emirates Stadium.

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