Arsenal have overtaken Manchester United in Deloitte’s Football Money League, with club revenues increasing by 90% over a period of just three years.
Deloitte have released their Football Money League report for the 2024/25 campaign, with Arsenal just marginally behind the top Premier League clubs for the year.
Premier League winners Liverpool had the largest 2024/25 revenue among English clubs at £702m, with Manchester City second at £697m, and Arsenal third at £690m.
But notably, Arsenal were ahead of Manchester United, who only managed revenues of £666m. The Gunners were also way ahead of Spurs (£565m) and Chelsea (£491m).
United are also unlikely to make a comeback next year, with no European football this campaign compared to Arsenal’s run to the Champions League round-of-16 (at a minimum). But sitting in fifth place in the Premier League table, they’ll hope to return to Europe in 2026/27.
Though Arsenal were just £7m behind Manchester City in overall revenues, the breakdown of that figure reveals stark differences. At £154m, the Gunners’ matchday revenue is more than double City’s (£75m), but City’s commercial revenue is almost £80m higher.
The top Premier League teams did slip behind some of Europe’s other leading clubs, with Real Madrid (£975m), Barcelona (£819m), Bayern Munich (£723m), and PSG (£703m) making up the top four. The Club World Cup had a significant impact on that front.
But Arsenal are certainly doing well in the context of their own league. The Gunners had revenues of just £377m in 2021/22, so to hit £690m in 2024/25 is a 90% increase.
With Arsenal continuing to perform well on the pitch and boosting their commercials revenues off it, we should see another rise for the Gunners in 2025/26.
Strong finances don’t guarantee results and trophies, but they certainly put you in a better position to compete if you spend the cash wisely.