Arsenal have published their accounting results for the last season on their website. They have also said they have suffered a loss of over 40 million pounds in the last season.
However, the books show that their wage budget for the players decreased in the last few seasons. Hence, it looks like things are slowly starting to improve for the Gunners on and off the pitch.
THE ACCOUNTS FOR ARSENAL IN THE LAST SEASON
Arsenal have just published their financial results for the last season. The results show that the Gunners suffered a loss of 45.5 million. However, the loss is less compared to the previous season. In the previous season, the Gunners suffered a loss of 107.3 million. Hence, that is one positive for the owners of the club. There is also another positive for the club. The other positive is they have reduced their wage budget for the season. It has reduced as the club have managed to move on the fringe players on high wages.
Another positive is the return of the fans to the stadium. The return of fans after COVID-19 has increased the matching revenue of the Premier League match. It is also set to increase this year due to the brilliant performances of Arsenal on the pitch. However, there were losses in the last season. This was because of their failure to qualify for Europe. However, the financial results of this season look good as Arsenal are winning games in almost every competition.
THE RISE OF GUNNERS IN THIS SEASON
Arsenal have spent over 100 million on transfer fees this season. However, some of the money might get paid back. This is because the new signings have helped them finish the first half of the season on the top of the Premier League table. They have also progressed to the further rounds of the Europa League. Hence, it looks like the Gunners will certainly make money from European match-day revenues and new sponsorships.
These new revenues will also enable Arsenal owners to support Mikel Arteta with the new signings in the January transfer window. At the moment, the Gunners are targeting a new winger and a midfielder. However, the major injury to Gabriel Jesus will certainly change their January transfer plans. Hence, it certainly looks like the Gunners will need the funds to continue to challenge Manchester City for their Premier League title. They will also hope to challenge in the Europa League and the FA Cup.
However, the main aim of Arsenal is to qualify for the Champions League this season. This is because their squad has so many young players that are already above the level of the Europa League. Hence, to keep their ambitions happy and his ambitions happy, Mikel Arteta has to make sure that the club qualifies for the top European competition.
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