Arsenal have retained 11th place in Deloitte’s annual list of football’s richest clubs, however, the 24th edition of the report estimates the Gunners revenue dropped by £57.2 million over the course of the last year as a result of Covid-19.
While the full financial ramifications of the pandemic may not be realised for years to come, Deloitte estimate that the top 20 clubs saw collective revenue fall from €9.3 billion to €8.2 billion, a drop of 12%.
Sp*rs (€445.7m), Chelsea (9th, €469.7m), Manchester City (6th, €549.2m), Liverpool (5th, €558.6m) and Manchester United (4th, €580.4m) make up the five Premier League sides above us.
Despite an estimated downturn in revenue of €125.7 million, Barcelona (€715.1m) still top the list ahead of Real Madrid (€714.9).
You might recall, former CEO Ivan Gazidis proudly announcing in 2013 that, “We should be able to compete at a level like a club such as Bayern Munich.”
Well, the gap on the reigning Bundesliga and Champions League winners is now €246.1 million. Bayern’s on-pitch success and the fact the Bundesliga completed its domestic season before the end of June helped swallow much of the losses. They’re only €26 million down on last year and third on the list; the highest they’ve ever been.
Arsenal’s performance, key takeaways:
- Arsenal’s revenue fell by 13% to £340.3 million in 2019/20.
- No fans at the Emirates following football’s restart led to matchday revenue declining £17.6m (18%).
- Broadcast revenue dropped by £66.2m (36%).
- Commercial revenue, thanks to the new adidas arrangement and an extension of the Emirates deal, increased by £31.7m (29%).
- Commercial revenue made up 42% of the total. Usually, it’s dwarfed by broadcast revenue.
- Arsenal’s revenue in 2020 is approximately €100 million down on where we were when the 2017 report was released.
Europe’s top 20 richest clubs
1. Barcelona (€715.1m)
2. Real Madrid (€714.9m)
3. Bayern Munich (€634.1m)
4. Manchester United (€580.4m)
5. Liverpool (€558.6m)
6. Manchester City (€549.2m)
7. Paris Saint-Germain (€540.6m)
8. Chelsea (€469.7m)
9. Sp*rs (€445.7m)
10. Juventus (€397.9m)
11. Arsenal (€388m)
12. Borussia Dortmund (€365.7m)
13. Atletico Madrid (€331.8m)
14. Inter Milan (€291.5m)
15. Zenit St Petersburg (€236.5m)
16. Schalke (€222.8m)
17. Everton (€212m)
18. Lyon (€180.7m)
19. Napoli (€176.3m)
20. Eintracht Frankfurt (174m)
The 2019/20 season was impacted by the COVID-19 pandemic, leading to a £1.0 bln (12%) fall in revenue of the top 20 Money League clubs from £8.2 bln to £7.2 bln. Broadcast and match day fell £822m (23%) and £227m (17%) respectively, though commercial rose £87m (3%). pic.twitter.com/VOlAhrF982
— Swiss Ramble (@SwissRamble) February 22, 2021