Arsenal FC announced a loss of £17.7 million for the fiscal year ending May 31, 2024, contrasting with record revenue of £616.6 million. Key transfers included significant signings such as Declan Rice and Kai Havertz, contributing to increased wages from £234.8 million to £327.8 million. Despite returning to the Champions League and generating profits from player trading, financial pressures and strict regulations from UEFA and the Premier League hindered profitability. This loss follows previous losses, totaling £115.3 million over three years, highlighting ongoing financial challenges amid market conditions.
"Player trading profits continue to have a significant impact on overall profitability and the club's ability to realise profits during 2023/24 was again adversely impacted by market conditions."
"Arsenal suggested UEFA's Financial Fair Play regulations and the Premier League's Profit and Sustainability Rules (PSR) have created a tougher market in which to raise funds."
Collection
[
|
...
]