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Arsenal published their last financial accounts on Wednesday.
The club confirmed that it had recorded a record turnover of more than 600 million pounds Sterling, but has always recorded a loss of 17.7 million pounds sterling for the year ended on May 31, 2024.
Here, with the help of the football finance expert Kieran Maguire, Standard Sport takes a look at what the financial results of Arsenal mean before the summer transfer window …
What did you do with the financial results of Arsenal?
Kieran Maguire: We have a rather sufficient saying in the world of finance – income is vanity and profit is mental health.
Arsenal has very well succeeded in the qualification of the Champions League to increase all the main sources of income.
They have more money from the sale of tickets, practically corresponding to that of Manchester United – which is spectacular. The mailing money to be in the Champions League also won and they managed to obtain sponsors’ bonuses.
These figures show the importance of qualifying for the Champions League and also show how the club has suffered for this period not to be there. Overall, they are a good set of results.
Why did Arsenal always make a loss? Was it because the salary increased?
Km: I don’t think wages are a problem because they only pay £ 53 in salary for each £ 100 passing through the door.
It’s their third best [ratio] In the past 12 years – and it is below the position of 70% of UEFA. It is that wider costs have also increased.
Football is a difficult industry. Arsenal broke even on a daily basis, taking into account the sales of the players – which was good.
Then they had a cost of interest which was quite high this year. Their interest cost the sadness, which is why they made a loss.
What does Arsenal look like in terms of cost control measures?
Km: From a PSR point of view (rules of profit and sustainability), they are in a very strong position.
They have nothing to fear to go to the summer of 2025 by looking at these figures.
According to UEFA rules, you can spend £ 70 for players and transfer costs for each £ 100 crossing the door.
Well, they spend £ 53 in salary. I think, once again, they have flexibility there.
Is Arsenal in good position to add to the team that summer then?
Km: Yes. They have no concerns of cost control, it would be my observation.
Salaries are under control. They used Stan Kroenke as a lender. That this will move forward, we will have to wait for the decision on the new rules of transactions of the associated parties.
But even if this is favorable to the Premier League, I don’t see Arsenal at all.
They are in a very strong financial situation to spend what they want. They spent 256 million pounds Sterling last season and 251 million pounds Sterling the previous season. They certainly have the ability to invest massively in the market – if they wish. They have the capacity.
But that, as we have seen with other clubs, is to spend it well rather than spending it big, which ultimately matters. Spending it big and well is the absolute sweet spot.
How are Arsenal finances compare to other Premier League clubs?
Km: I think these results restore the arsenal to the upper table.
They were in danger of becoming one of the first four plus two – and arsenal and the Spurs would be both most.
Looking at these figures, it brings back arsenal to be competitive.
Arsenal obtained a turnover of 616 million pounds sterling. Manchester City measures more than 700 million pounds sterling. Manchester United gain 662 million pounds sterling, so Arsenal is not far behind them. Liverpool was 594 million pounds sterling in 2023. Thus, Arsenal is now in the leading pack when they were likely to be slightly disconnected.
