Arsenal expected to recover £84.6m deficit to Tottenham as Chelsea sweat on Champions League woe

The Deloitte Money League for the 2022/23 season has shown that Arsenal’s revenue during that period was the tenth highest in the world, maintaining its position from the 2021/22 season. The value of that revenue was €532.6million (£455.71million) which is up on the year before at €433.5million (£370.9million).

However, what will potentially frustrate supporters is that Tottenham rose from ninth to eighth in the league overtaking Chelsea. For 2021/22 Spurs recorded a revenue of €522.9million (£447.4million) which rose to €631.5million (£540.3million) in 2022/23.

There are reasons why Arsenal are still behind their north London rivals and things may change in the future if the Gunners continue to impress on and off the pitch. Firstly, Tottenham’s new stadium has been able to significantly improve the club’s revenue streams with its increased capacity and improvement in commercial benefits from hosting NFL games to concerts.

Furthermore, during the 2022/23 season, Tottenham were once again back in the Champions League whereas Arsenal did return to Europe but only in the capacity of the Europa League. The season prior they had fallen out of European football in its entirety.

Fast-forward to 2023/24 and things are very different. Tottenham have no European football whatsoever having finished eighth in the league whereas the Gunners finished only behind Manchester City in second. They returned to the Champions League for the first time in just over half a decade and have since won their group and progressed to the last-16 where they will hope to beat FC Porto and make the quarter-finals for the first time in more than ten years.

This absence and early elimination from UEFA’s elite competition has had a massive impact on the