Arsenal report £52.1m loss in 2022-23 accounts

Arsenal have reported a loss of £52.1million ($66m) in their 2022-23 accounts.

The loss figure represents an increase from the £45.5m of a year ago but the club say the result is impacted by “impairment write-downs on certain player registrations amounting to £18.1m”.

The loss before tax, excluding the impact of exceptional items, amounted to £34m in the accounts filed to Companies House, the club say, a decrease on the £45.5m figure in the 2022 results.

The men’s team’s return to UEFA competition — a run to the Europa League round of 16 — and a second place finish in the Premier League contributed significantly to the improved underlying figures with an increase in matches and with it a rise in matchday revenue also a factor.

Broadcast revenue rose from £146m to £191.2m with the club also reporting improved commercial revenues, up to £169.3m from £141.7m.

Arsenal say European competition remains key to “re-establishing a self-sufficient financial base” for the club.

“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,” a statement said.

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

The women’s side finished third in the 2022-23 Women’s Super League and won the Conti Cup while eight games were played at the Emirates Stadium, including a first-ever sell-out for the semi-final of the UEFA Women’s Champions League.

“We have also continued to invest strongly in Arsenal Women and the women’s game continues to experience significant growth in interest and support,” the club said.

(Clive Mason/Getty Images)

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