I have just read these latest figures from the Arsenal accounts for last season 22/23, and I must say they are extremely impressive
Arsenal fans may be disappointed with the team’s on-field performances tht season, missing out on both the UEFA Champions League and exiting the Europa League in the round of 16, but off-field work has been very successful.
The lack of significant player sales may be a cause for concern among the fanbase. However, beneath the surface, a different story emerges – one of financial success and strategic planning.
Despite the setbacks, Arsenal has achieved remarkable revenue records across all key categories. This unexpected financial triumph suggests that the Kroenke family and the Arsenal Board are adeptly steering the club through a reconstruction process while maximizing its financial potential.
While some may lament the absence of Champions League football impacting the club’s ability to splash even more cash in the transfer market, it is crucial to recognize that Financial Fair Play (FFP) rules are the current hurdle.
The willingness to spend is there, as demonstrated by last summer’s booming shopping spree. Arsenal is patiently biding its time, eagerly awaiting the right conditions to resume strengthening the squad.
Boom time ??? The price of tickets for a CL game is through the roof. What price loyalty = loads
But the article says
“Match Revenue 118 euros”
That’s a lot of tickets per euro.
Just kidding 😜
Why are the amounts in euros anyway?
Because I couldn’t be bothered to convert to £’s Neutral – simple as that!
I await your conversion figures.
Thanks for “tarting” up my bullet points Pat!! I hardly recognised my bullet points, but they look even more impressive than before.
Haha.
It’s okay Ken. I have to give them background mate
A few numbers don’t really provide much in the way of financial analysis, nor do one years accounts. Because the same clubs don’t make the champions league every year any more there will be more movement in the revenue stream from one year to the next. You also need to analyse what’s being spent as well as what’s being earned. Then you need to see how you are doing compared to comparable clubs, in Arsenal’s case probably Liverpool and Spurs would be the closest. It doesn’t matter how well you are managing the finances if someone else is doing it better.
Exactly this. These numbers looks great on the surface but in reality you can’t take any real info from these surface level numbers
Beg to differ my friend.
1. Sponsorship is at an all time high.
2. Wages are down by over 20% from last year.
3. We have broken the £550 million euros mark for the first time in it’s history.
Now, whether or not one wants to break down the overall figures, those three points on their own, show the club is moving in the right direction.
I take on board all the points made about CL revenues, the lost money from transfers etc but no one can argue the FACT that points 1, 2 and 3 are real positives.
Those figures are from last year so no CL revenue which itself is worth over 100m. But that wouldn’t suit the agenda right.
If you torture the data long enough, it will tell you what you want to hear.
Ken I manage multi million dollar accounts that can show positive figures, but if you are referencing it against the correct data it may not be so impressive. I understand your point but there’s no reference for these numbers end of story.
Hypothetically as an example….imagine you have an investment that’s growing at 15% and when you tell people it sounds great obviously…..but what’s missing could be the fact that inflation is 12% and your management fee is 3%. Easy to quote positive numbers but if you analyse data properly it can tell a very different story.
Those figures were from no champions league last season
It’s good, but Arsenal is the last club in the list of football clubs with the highest revenue worldwide in 2022/23, according to Statista
We didn’t get the 336 million Arteta and current management lost us in transfer dealings but we get this instead.
*We didn’t get article about 336 million loss.
I’m not a duracell bunny HH but I’m very trying!
HH why not write the article yourself my friend?
You are better in data and facts articles than all writers of JA Ken. I can neither do it as fast as you would nor make it convincing as you would.
Thank you HH – IF Pat or anyone else hasn’t done it, I’ll try and get the information to do an article when I get back from my holiday – along with the 50 plus attacking midfield players we had when signing Mesut Ozil!!! 😂
You should focus on improving yourself before focussing on how others are doing. All of this is heading in the right direction. The club likely have aims and ambitions to grow, but these are all positive steps!
😎
I can see the usual doom mongers expressing their disgust. Try not pretend you know it all next time. “honest fans”.
Hate is a powerful emotion, have to admire to relentless to denigrate any positive thing written about arteta and the club.
Sorry to be a party pooper but I gotta admit, I see this feeling a little bit depressed when I think what it means.
TV rights (fans pay subs)
Commercial earnings (fans buy merchandise)
Match Revenue (fans buy expensive tickets)
Salaries (most of it goes to players)
Sponsors (basically advertisers). Hmmm ok ish…
At least sponsor money seems like some money is not being taken from fans and given to players or business people. But Highbury becomes The Emirates and such boring names. Rwanda gets foreign aid from the UK taxpayer and spends it putting a logo on Arsenal shirts. 🤢 No such thing as a free lunch. 🙄
Excellent comment Neutral regarding Rwanda, I hadn’t seen it that way before.
Neutral, it’s the fans choice if they buy merchandise and / or TV channels, along with purchasing tickets.
Are you advocating we take away those rights, as it benefits the club we support?
As for players salaries, surely you, at least applaud the fact that the wage bill has been reduced by over 20%?
Of course it’s a choice to buy or not, but business types invading sport see football fans as a captive market. If they want to keep supporting their club then they have to pay what the business charges.
This thing of changing the kit every year and having 3 sets with extra shirts is a rip off.
I can’t say about the wage bill in % because it looks as if the revenue went up, so it could be the same in £ amounts.
It could also be that they just don’t have as many players as the year before. Seeing the average wage for each Arsenal player might be a better guide on that?
I just wish business would get out of sport and it went back to how it was about 20 years ago before clubs started putting themselves on the stock market. They weren’t supposed to end up being owned by 1 person or by a country. For me it spoils the game. That is the main issue in sport for me atm.
One other thought here Ken if you dont mind.
About choice. Sometimes there is an illusion of choice when there is no real choice.
One example nowadays could be electricity supplier choice. You can choose suppliers but they all charge the energy cap. So the choice is meaningless.
It’s not quite the same with buying new kit every year but football fans who support a team want to watch them play, so they dont have a real choice about the price of it.
Sure, they can choose not to go to the ground so they can avoid paying ticket prices. They can choose not to watch on TV so they dont have to pay subs to a sports channel.
But is it a real choice? Choosing not to watch the club they support is not much of a choice at all. That is my thinking on it anyway.
Thanks for the articles on interesting subjects btw.
👍👍
Thank you HH – IF Pat or anyone else hasn’t done it, I’ll try and get the information to do an article when I get back from my holiday – along with the 50 plus attacking midfield players we had when signing Mesut Ozil!!! 😂