Matchday income has risen by 28 percent to £131.7m, taking them above Tottenham and second in England only to Manchester United.

Arsenal have announced a loss of £17.7million ($22.3m) for the year ending May 31, 2024. The north London side generated a club-record £616.6m for the 12-month period -- compared to £466.7m a year earlier -- with £52.

Arsenal make an overall loss of £17.7m for the year ending May 2024, despite posting record revenue of £616.6m.

Manchester United were forced to pay a compensation bill of £14.5 million ($18.2m) to Erik ten Hag and his coaching team following his dismissal as manager last October.

Manchester United's latest financial report reveals a huge payout for the sackings of Erik ten Hag and Dan Ashworth, sparking fresh criticism of Ineos.