Arsenal FC: a turnover of £395.6m (-1.9%) and net loss of £27.1m in 2018-19

Arsenal FC (Premier League) posted a turnover of £395.6m (€446m as of 31/05/2019) for the financial year 2019 (01/06/2018 to 31/05/2019), down 1.9% compared to 2018 (£403.3m/€459.9m as of 31/05/2018), according to the club on 28/02/2020.

Arsenal FC's revenues declined for the second consecutive season in 2018-19, while in 2016-17, the last time the London club played in the Champions League, they totalled £423.9m (€485.9m on 31/05/2017). The club's various revenue streams remained stable in 2018-19 compared to 2017-18. Audiovisual revenues (£183m/€203.3m) were up 1.6% due to the club's run in the Europa League (runners-up), and commercial revenues (£110.9m/€125m) were also up 3.7%, thanks in particular to the arrival of Rwanda Development Board (Visit Rwanda) as the club's tourism partner and sleeve sponsor for three seasons (2018-2021).

Arsenal FC posted a net loss of £27.1m (€30.5m) in 2018-19, compared to a net profit of £56.6m (€64.5m) during the 2017-18 season. This net loss, the first incurred by the club since 2001-02, was mainly due to a reduction in the capital gains on…