Arsenal added: “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 with reduced overall liquidity as clubs’ acquisition budgets continued to be impacted by financial pressures.”.
Commercial performance, in the second year of Arsenal’s new commercial strategy, was strong across the board and revenues were significantly improved from £169.3m to £218.3m.
Arsenal said in a statement: “The renewal and extension of our agreement with Emirates led the way on partnerships but was supported by the naming rights deal for the Sobha Realty Training Centre and an increased number of secondary deals at improved valuations.
For the 2023-24 financial year, revenue rose from £466.7m to £616.6m thanks to the club returning to the Champions League and their commercial strategy.
Broadcasting revenues also rose from £191.2m to £262.3m thanks largely to the higher levels of UEFA distribution from Champions League as compared to the Europa League in the previous season.
