Arsenal, in their latest financial report, has shown impressive growth in revenue, a clear sign of their improved financial standing.

The club’s total revenue for 2023 reached €532.6 million, marking a substantial 23% increase from the previous year’s €433.5 million. This achievement places Arsenal among the top performers in the world of football finance, despite still holding the 10th position in Deloitte’s 2024 Football Money League.

A closer look at the revenue streams reveals a well-rounded performance. Matchday revenue, amounting to €118 million, accounted for 22% of the total income. This figure represents a €24 million increase, although the percentage of total income remained constant.

Broadcasting revenue, standing at €220 million, registered a significant rise, with an increase of €48 million compared to the previous year. This surge can be credited to Arsenal‘s participation in the Europa League and the sale of new domestic TV rights to a global audience, further expanding the club’s reach.

Commercial revenue saw an increase from €167 million to €195 million. Key partnerships with Adidas and Emirates were renewed on more favourable terms, while other commercial agreements were also forged. However, it’s worth noting that Arsenal still lags behind English rivals in the European top 10 in this category.

A noteworthy development is the remarkable performance of Arsenal Women, whose revenue more than doubled, reaching €5.3 million, up from €2.2 million the previous year. This significant growth places them 5th in the Women’s rankings, following Manchester City, Real Madrid, Manchester United, and Barcelona.

In addition to Arsenal‘s financial achievements, it’s important to highlight the team’s on-field success. Mikel Arteta‘s squad secured a second-place finish in the Premier League, the highest in seven years, guaranteeing them a spot in the prestigious Champions League. Their impressive run to the last 16 of the Europa League also contributed to the financial gains.

Despite these positive developments, Arsenal is still chasing their North London rivals, Tottenham, in terms of revenue. The revenue gap, which was €90 million in the previous year’s report, has now widened to almost €99 million. However, the Gunners are optimistic that this gap will narrow in the coming year, especially with their participation in the Champions League, while Tottenham watches from the sidelines.

Deloitte’s report also sheds light on the club’s wages-to-revenue ratio, which has dropped from 58% to 51% compared to the previous year. This reduction is a positive sign of financial sustainability, although it is expected to rise again in 2025 due to recent contract extensions.

In the broader context, six English clubs are vying for financial supremacy in the top 10, competing with established continental giants.

While Manchester City secured a treble, they were dethroned by Real Madrid, who benefited from new commercial deals.

Barcelona also climbed the rankings, reaching fourth place, thanks to lucrative commercial agreements.

The investment from CVC in Ligue 1 propelled PSG to third place, showcasing the fierce competition among European clubs for financial dominance.