Arsenal has released its financial figures for the end of the 2023/24 season, emphasizing all the healthy image of growth at Emirates Stadium.
Gunners still made a loss during the campaign in question, but with £ 17.7 million it was significantly smaller than lost £ 52.1 million pounds 2022/23.
News title from The latest accounts is a huge increase in revenue. Arsenal brought a club record of £ 616.6 million for the season, which is more than 30% compared to the previous year.
The results are clear evidence for Champions League The importance of football. The competition in the European top club competition for the first time in seven seasons was the main factor in the revenue flourishing. Both revenues from broadcasting and matches increased as a result of the club’s participation.
Otherwise, the second year of the new commercial strategy has given positive results, pushing towards £ 220 million, compared to just under £ 170m in 2022/23. Basically, there was an extension with the Emirates and the rights of appointment with Sobha Realty for training, as well as secondary partnerships.
The primary reason for the balance of the situation ultimately still records a loss, despite the enormous revenue growth, it was an additional cost of almost £ 100 million spent on salaries.
But the music on the ears of all Arsenal Fans at a time when teams fight the Committee fighting financial regulations was the following statement: “The club is still in accordance with all applicable regulations on financial sustainability established by the UEFA and the Premier League.”
Read the latest news of Arsenal, rumors of transmission and gossip
