Arsenal made an overall loss of 17.7 million pounds ($22.29 million) in the 2023-24 financial year despite record revenue after wage costs increased nearly 40% as the Premier League club announced their financial results on Wednesday.

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

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.

The Gunners will travel north with just three first team forwards for Mikel Arteta to pick from: Leandro Trossard, struggling Chelsea loanee Raheem Sterling and 17-year-old Ethan Nwaneri. A Leicester side with just three points to their name is a favorable opponent but there are going to be serious questions about how much threat Arsenal can pose until Martinelli and Bukayo Saka return next month.

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