The revenue numbers for top English clubs are affected by the Champions League. In 23-24, Arsenal (and ManU) were in the CL, and Liverpool was not. In 24-25, Liverpool and Arsenal are in the CL (and ManU is not). I anticipate that the 24-25 revenue numbers will sadly show Liverpool above Arsenal and ManU because of that change—and it’s possible that ManU will trail Arsenal as well(hopefully). I do not say that to be pessimistic or unimpressed with Arsenal’s growth, but merely to reluctantly suggest that its going to be hard for Arsenal to finish above Liverpool in revenue if both (or neither) are in the CL.
Nice analysis. I think our wages are still lower than ManU & Chelsea too?
Yeah, United at 431 and Chelsea at 393 from the report here.
The revenue numbers for top English clubs are affected by the Champions League. In 23-24, Arsenal (and ManU) were in the CL, and Liverpool was not. In 24-25, Liverpool and Arsenal are in the CL (and ManU is not). I anticipate that the 24-25 revenue numbers will sadly show Liverpool above Arsenal and ManU because of that change—and it’s possible that ManU will trail Arsenal as well(hopefully). I do not say that to be pessimistic or unimpressed with Arsenal’s growth, but merely to reluctantly suggest that its going to be hard for Arsenal to finish above Liverpool in revenue if both (or neither) are in the CL.