If you don’t already follow @SwissRamble on Twitter, you should sort that out immediately. Not only is he a fellow Arsenal fan, but when it comes to running the numbers there’s nobody better so make him your brand new friend.
In a Twitter thread this morning, he’s revealed the forest fire that are Arsenal’s finances with the expectation we’ll post a serious loss for 2019.
Some of the highlights:
– Arsenal were the only club in England’s Big Six to see revenue fall in 2018. In fact, their £38m growth since 2016 is miles lower than their main rivals, four of whom had revenue growth above £100m. Most painfully, in this time Sp*rs have closed the gap from £141m to just £10m.
– Looking at the 2018 Money League, it is striking to see that Arsenal had the worst revenue performance of all the clubs in the Top 20, falling by £30m compared to the previous year. In stark contrast, there was strong year on year growth at Liverpool £91m, Chelsea £80m, Sp*rs £74m and Man City £50m.
Our continued absence from the Champions League is having a significant impact too.
– In the last 2 years Arsenal has earned by far the least of the Big Six in Europe, just £74m against Liverpool £189m, Sp*rs £163m and Man City £157m. Arsenal is the only club to see their European revenue fall compared to the preceding 2 years. Success on the pitch is important.
– Given that there were no major player sales in 2018/19 (only Perez, Campbell and Akpom), it is highly likely that Arsenal will report a large loss before tax for last season – the first time the club will have slipped into the red since 2002.
It’s a scary, forensic look at the state of the club’s finances, and there’s some top quality Ivan Gazidis bashing in there too, which we most definitely approve of, the rattlesnake. The full thread is below, broken up into easy pieces. Are you ready to be heartbroken?
As Arsenal fans nervously await the outcome of this summer’s transfer window, I thought it might be interesting to look at why the club is facing more financial challenges these days. Some thoughts in the following thread #afcb
— Swiss Ramble (@SwissRamble) July 1, 2019