Man Utd recently published a summary of their 2009 financial statements. I thought it will be interesting to look at how the clubs compare financially. Since their summary is only a two page document it’s not possible to do a detailed analysis but we can definitely compare the incomes of the two clubs.
Here is how the numbers look (United year ending June 30 2009, Arsenal YE May 31 2009)
All figures in millions of pounds
United – 278.5
Arsenal – 313.3 – From Football 225.1 (88 from property)
United – 108.8
Arsenal – 100.1
United – 99.7
Arsenal – 73.2
United – 70
Arsenal – 48
Interestingly, the Matchday revenues are not very different even though United have a larger stadium and have also included revenues from their pre-season tours in this segment. Arsenal probably compensate for that via the Emirates cup. Food for thought for those who advocate pre-season tours, Wenger might be right on this one as well!
United have a significantly higher income in the Media category. Since they reached the Champions League finals and might have received more TV coverage in the premier league (Arsenal financial statements mention that the club received slightly lower EPL live coverage) the media figures might be explicable. Unfortunately, we do not have detailed breakdown of these numbers for either club but Arsenal can certainly do better on this front.
Commercial revenues have a equally large difference. I think Arsenal understand this opportunity and Gazidis is working on developing the team. Just yesterday the club website had an article that said – Arsenal invests in it’s commercial operations.
Shirt sponsorships are an important part of these numbers and it’s no surprise that Arsenal might be looking to renegotiate the Emirates deal. Just for perspective, the present Arsenal shirt deal is worth 100M over 15 years while United have signed a 4 year deal worth 80M. Of course, Arsenal got bulk of the money upfront and the board might have thought it was a good option at that time, there can be no denying the fact that there is serious room for improvement.
Arsenal have by and large been the best managed club in England and it isn’t by coincidence that Wenger has a sizable kitty at his disposal when the others can’t even spend what they raise through player sales. Once we make the improvements in our commercial and media segments, Wenger might actually bid for Messi instead of just joking about it! (It’s a different matter that most of us want someone right now :))