Arsenal has published its financial figures for the 2023/24 season and emphasized an ever healthy picture of growth in the Emirates stage.
The Gunners still made a loss during the campaign in question, but at 17.7 million GBP it was significantly smaller than the 52.1 million GBP lost in 2022/23.
The headlines from the latest accounts are massive sales growth. Arsenal brought in a club record with a GBP 616.6 million GBP for the season and rose by more than 30%in the previous year.
The results are clear proof of the importance of football in the Champions League. The first time in seven seasons to take part in the European Premier Club competition for the first time in seven seasons was an important factor in the boom of sales. Both the income from radio and matchday rose due to the participation of the association.
Elsewhere, the second year of a new commercial strategy delivered positive results and crowded to 220 million GBP, from almost 170 million GBP in 2022/23. Above all, there was an expansion with Emirates and a right to name the right to name with SOBHA REALTY for the training area and secondary partnerships.
The main reason for the balance sheet, which ultimately has a loss despite the enormous sales growth, was additional costs of almost 100 million GBP for wages.
But music for the ears of all Arsenal fans at a time when teams have difficulty fulfilling the financial regulations across the board. “