Arsenal have retained 11th place in Deloitte’s annual list of football’s richest clubs, however, the 25th edition of the report estimates the Gunners revenue dropped year-on-year by 6% to €366.5 million, most likely as a result of the impact of Covid-19 and failure on the pitch.
For the first time ever, Manchester City have topped the list by increasing revenue by 17% to €644.9 million. A run to the Champions League final, coupled with impressive domestic form, saw broadcast revenue jump significantly and helped them to leapfrog Europe’s traditional financial powerhouses.
Sp*rs (10th / €406.2m), Chelsea (8th / €493.1m), Liverpool (7th / €550.4m), and Manchester United (5th / €558m) are the other four Premier League sides above us.
It is estimated that the clubs on the list missed out on over €2 billion of revenue from the middle of 2019/20 to the end of last season, which has had the effect of taking revenue back to levels last recorded in 2017.
Last month, Arsenal announced a record post-tax loss of £107.3 million for the year ended 31 May, 2021.
Arsenal’s performance, key takeaways:
- Arsenal’s revenue fell by 6% to €366.5 million. The highest we’ve recorded was in 2017 when Deloitte estimated earnings of €488 million.
- As a result of fans being absent for the majority of the period, matchday revenue made up only 1% of our total revenue, estimated at €4.3m.
- Broadcast revenue increased from €136m to €208.2m thanks to a run to the Europa League semi-finals and matches from 2019/20 being deferred into this reporting year. Given we aren’t in Europe this season, this number will likely decrease next year but should increase thereafter with new Premier League deals kicking in.
- Commercial revenue dropped from €162.3m to €154m.
- Arsenal’s revenue in 2021 is approximately €121 million down on the 2017 high point of €488 million.
Europe’s richest clubs
- Manchester City €644.9m
- Real Madrid €640.7m
- Bayern Munich €611.4m
- FC Barcelona €582.1m
- Manchester United €558m
- Paris Saint Germain €556.2m
- Liverpool €550.4m
- Chelsea €493.1m
- Juventus €433.5m
- Sp*rs €406.2m
- Arsenal €366.5m
- Borussia Dortmund €337.6m
- Atletico Madrid €332.8m
- Inter Milan €330.9m
- Leicester City €255.5m
- West Ham €221.5m
- Wolves €219.2m
- Everton €218.1m
- Zenit St Petersburg €212m
- Aston Villa €207.3m