Arsenal’s return to the Champions League and lucrative new sponsorship deals boosted the club’s revenue by 32 per cent to a record £616.6m last year. The £150m increase came from improved matchday, broadcast and commercial revenues and puts Arsenal behind only Manchester City and Manchester United for income in the Premier League.

Arsenal made an overall loss of 17.7 million pounds ($22.29 million) in the 2023-24 financial year despite record revenue after wage costs increased nearly 40% as the Premier League club announced their financial results on Wednesday.

Arsenal make an overall loss of £17.7m for the year ending May 2024, despite posting record revenue of £616.6m.