Stefan Borson: Arsenal’s wage bill has ‘gone through the roof’ after latest deals
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Arsenal posted a club-record revenue in 2023-24 after their turnover improved from £466.7m to £616.6m.
However, operation costs are certain to be higher than ever.
Arsenal’s wage bill is the fourth-highest in the Premier League, with their latest published accounts for 2023-24 revealing their wage bill surged from £234.8m in 2022-23 to £327.8m, and that would’ve risen following their spending this year.
Former Man City financial adviser Stefan Borson exclusively told Football Insider Mikel Arteta’s side’s wages have now “gone through the roof” after making multiple new additions in the summer transfer window.
Credit: Imago
Borson previously told Football Insider Arsenal are “close” to breaching Uefa’s financial rules following their heavy spending.
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Clubs in European competitions were required to keep spending on player wages and fees to 80 per cent of revenue in 2023-24, while they were permitted to lose up to £77m over a three-year period.
Speaking exclusively to Football Insider, Borson said: “Squad cost control is a calendar year test, so it takes half of the numbers from the accounting year 2024-25 and the first half of 2025-26.
“We’ll never see them broken out like that, but we can kind of try and guesstimate what that might look like, and they’re going to be close.
“So, when you do the full maths on that squad cost control, they’re going to be pretty close to 70 per cent.”
Arteta’s side beat Athletic Bilbao 2-0 in their opening game of the Champions League, while they have picked up 10 points from their first five matches of the new Premier League season.