Arsenal pockets over $400M in prize money as ownership pledges not to 'stand still'
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- Arsenal pockets over $400M in prize money as ownership pledges not to 'stand still'
Arsenal have been crowned Premier League champions, and with that comes the added financial windfall of finishing first for the first time since 2004. Prize money has grown substantially since then as the sport has expanded, and the Premier League in particular has surged in global popularity.
Arsenal are set to collect $268.3 million in prize money this season, $8.37 million more than runners-up Manchester City. 20th-place Wolverhampton Wanderers still pocket $158.93 million despite enduring a rough season, in addition to any parachute payments resulting from relegation.
The Gunners' fierce rivals, Tottenham Hotspur, will receive $84.93 million less than Arsenal following a second consecutive 17th-place finish in the league standings. This revenue can be channeled into strengthening both squads ahead of next season, with Arsenal having several key areas earmarked for investment, as per football.london .
Arsenal has earned over $400 million in prize money thanks to their domestic and European success this season -Credit:Stuart MacFarlane/Arsenal FC via Getty Images
There is further good news, however, thanks to their involvement in Saturday's UEFA Champions League final. After eliminating Atletico Madrid in the semi-finals, the club secured an additional $21.56 million, with another $7.58 million on offer should they defeat Paris Saint-Germain in the final.
They have already accumulated $169.03 million this season in European competition. Combined with their Premier League earnings, Arsenal's total haul across both competitions comfortably surpasses $400 million.
Sources indicate that despite significant investment in recent seasons, the club's ownership, primarily represented by Stan Kroenke's son Josh Kroenke, wants the club to achieve success while remaining financially self-sufficient. Such achievements allow this to become a reality while simultaneously strengthening the squad.
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In a statement featured in the Arsenal matchday program during the final home game of the season, Josh wrote: "The connection we feel with our supporters fills us with pride.
"Between us, we are building something very special and, wherever this month of May takes us, there will be no standing still when the season ends.
"We are always forward in our approach, taking the learnings as we go and relentless in the pursuit of progress. We remain focused on raising the standard, creating the best possible environment for our players and people to succeed, and elevating the unity that exists between club and community."