Arsenal close in on Tottenham record after £96m shift in finances

Arsenal close in on Tottenham record after £96m shift in finances

 

According to the most recent data, Arsenal are on track to rapidly close the financial gap with Tottenham.

The Gunners may have had the advantage on the pitch in previous seasons, but Spurs have routinely produced more revenue behind the scenes.
And, while it has occasionally angered fans, Daniel Levy’s emphasis on long-term profitability and capital appreciation has put them in a strong position under Profit and Sustainability Rules (PSR).

Spurs have earned a total of £2.2 billion since the new stadium opened in 2019,

compared to Arsenal’s £1.9 billion.

However, a recent analysis of football’s financial landscape suggests that the difference is about to close.

Arsenal is the quickest rising club among the Big Six.
Deloitte, one of the Big Four accounting firms with significant origins in sports,

released its Annual Review of sports Finance this week.

The data showed that Arsenal’s revenue increased by 26% in 2022-23, the last year for which full financial data is available.

Their £96 million increase was the largest among the so-called ‘Big Six’ Premier League clubs.

Significantly, it was 2% higher than Spurs.

And, because Tottenham competed in the Champions League in 2022-23 but Arsenal did not, the gap will expand next season when the Gunners’ European cash will up on the books.

However, the overall financial disparity between the two teams is set to remain significant,

with Spurs earning £550 million in 2022-23 and Arsenal earning about £100 million less.

Tottenham can surpass Arsenal with £42.5 million-plus deal as off-pitch announcement is approaching.
Performance on the pitch remains the major factor.
The narrowing gap between Arsenal and Spurs is symptomatic of the fact that performance on the field has improved.

While clubs can, to an extent, trade off their brand alone, the prestige and TV cash that being in the Champions League generates is unparalleled.

As quoted by The Mirror earlier this year, Spurs’ chairman and co-owner Levy said that he is “sick that there’s a club in North London that’s a bit higher than us at this moment”.

And while his frustration will be driven by the sporting bragging rights, or lack thereof, but also by the financial implications of falling behind their arch rivals .

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