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Kieran Maguire makes £370m+ Arsenal claim - big news days away
Arsenal will top their 2021/22 revenue of £369million when they announce their 2022/23 accounts in the coming days.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that the Gunners will be aiming to overtake Tottenham’s revenue generation.
The North London club is expected to post their 2022/23 annual report in the coming days with the deadline set for December 31.
Arsenal posted their 2021/22 accounts on 2 December last year when they revealed overall losses of £45million after generating revenue of £369million.
However, the Gunners achieved a second-placed finish in the Premier League under Mikel Arteta last season, securing additional prize money and a spot in this season’s Champions League.
As a result, Maguire believes Arsenal are on track to announce an increase to their revenue generation, but also expects an increase to the club’s wage bill.
“I’ve looked at the numbers and I anticipate a decent boost to Arsenal’s revenue for the 2022/23 season,” Maguire told Football Insider’s Sean Fisher.
“However, it should be noted that they generated less money in 2021/22 than they did five seasons previously due to non-participation in the Champions League.
“That’s affected them in terms of broadcast revenue, matchday revenue, sponsor bonuses and so on.
“So they need to overtake Spurs, that will be their first target.
“They’re not necessarily going to do that in 2022/23, but they will be aiming to do so in 2023/24.
“So that’s the positive, but the negative is how much of that income is going to be absorbed by wages.
“So from a profitability point of view, I’m not expecting much.
“But in terms of revenue, I’m expecting an increase – we’ve already seen Man City and Man United post record revenues.“
In other news, Arsenal star Takehiro Tomiyasu set for hike on £55,000-a-week deal