Arsenal make £17.7m loss
Arsenal post overall loss of 17.7 million pounds despite record revenue
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 reduce annual loss
Arsenal have published improved financial results for the year ending 31 May 2024. The Gunners lost £17.1m for the year compared to a loss of £52.1m in 2023. The club said the improvement was thanks to Champions League revenue and a "strong performance in the Premier League".
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