Arsenal report £52.1m loss as statement released after 2022/23 accounts revealed | OneFootball

Arsenal have reported a £52.1 million loss for the 2022/23 financial year.

While that is up from the £45.5m figure in the previous year, the club put that down to “impairment write-down” on “certain player registrations”, which totalled £18.1m.

Arsenal say the loss before tax, excluding the impact of exceptional items, amounted to £34m, having been £45.5m a year ago. There was a significant rise in matchday revenue, up to £102.6m and beyond the £100m mark for the first time in nearly a decade.

That is due to the Gunners returning to UEFA competition, playing in the Europa League, and there were therefore 24 home fixtures for the campaign.

The women’s side played eight games at the Emirates Stadium in the 2022/2023 season, including a sell-out for the Women’s Champions League semi-final clash against Wolfsburg.

Arsenal faced Wolfsburg at the Emirates in the Women’s Champions League

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Broadcasting revenue for the club rose from £146m to £191.2m, with commercial revenues also significantly improved.

“The club continues to be compliant with applicable financial sustainability regulations put in place by UEFA and the Premier League,” an Arsenal statement said.

Investment in both the men’s and women’s teams has resulted in wages rising to £234.8m, still well below the figures at Manchester City, Manchester United, Liverpool and Chelsea. The total profit from player sales and loans was £12.2m.

The Gunners’ efforts last season secured a return to the Champions League for the first time in seven years, with the club viewing European football as pivotal to “re-establishing a self-sufficient financial base”.

“During 2022/23 and subsequently during the summer 2023 transfer window, the club has again invested strongly in the development of its men’s first-team playing resources,” the statement continued.

“This investment recognises that qualification for UEFA competition represents a pre-requisite to re-establishing a self-sufficient financial base.