Football finance, from the outside inThe Orange LedgerFor professionals

Arsenal

Squad cost ratio (SCR) for the 2026/27 season: the Orange Ledger's independent estimate for the Premier League's 1 March 2027 test, updated as new data arrives.

SCR under the rule60.7%Range 57.5% to 64.7% · ranked 3 of 20
Before player-sale profit65.0%Squad costs against revenue alone
Distance to 85%24.3 ptsBelow 85%: no levy

Where the revenue goes

Squad costs as a share of revenue
Player and head-coach wages: £250.9m, 34.0% of revenueTransfer amortisation: £207.2m, 28.1% of revenueAgents' fees: £21.7m, 2.9% of revenueRemaining revenue: £258.4m, 35.0% of revenueSCR limit65.0%of revenue
Squad costs under the rule
Player and head-coach wages: £250.9m, 31.7% of revenue + avg sale profitTransfer amortisation: £207.2m, 26.2% of revenue + avg sale profitAgents' fees: £21.7m, 2.7% of revenue + avg sale profitRemaining revenue: £311.1m, 39.3% of revenue + avg sale profitSCR limit60.7%of revenue +avg sale profit
  • Player and head-coach wages £250.9m
  • Transfer amortisation £207.2m
  • Agents' fees £21.7m
  • Remaining revenue

The squad costs the same £479.8m in both rings; only what it is measured against changes. Adding the three-year average profit on player sales (£52.7m a year) to revenue takes the ratio from 65.0% to 60.7%, so selling players is worth 4.3 points to Arsenal under the rule.

Squad costs and revenue: the Orange Ledger's estimate for the 1 March 2027 test, rolled forward from the 2024/25 accounts; three-year average of player-sale profit. The 85% tick marks the rule's limit on each ring.

Filed accounts, 2024/25

Revenue, £m
691.0
Profit before tax, £m, as filed
(1.3)
Net assets, £m
126.5

Premier League, nearest group accounts as filed at Companies House, read twice. Losses and net liabilities in brackets.

20 seasons of finances →
Next date for Arsenal28 February 2027Arsenal's 2025/26 accounts due at Companies House: the filing that tests this estimateFull calendar →

How the SCR is built

Estimate for the 1 March 2027 test, £m

Player and head-coach wages250.9
Transfer fees, spread over contracts207.2
Agents' fees21.7
Squad costs479.8
Revenue counted by the rule738.2
Three-year average profit on player sales52.7
Revenue plus averaged sale profit790.9
SCR under the rule60.7%
Before player-sale profit65.0%

SCR = squad costs ÷ (revenue counted by the rule + three-year average profit on player sales).

Latest filed accounts

2024/25, year to 31 May 2025, £m

Turnover691.0
Matchday153.9
Broadcasting272.8
Commercial263.2
Property0.7
Player trading0.5
Staff costs, all employees346.8
Transfer fees written off (amortisation)171.6
Profit on player sales81.2
Squad book value (player registrations)399.0

Arsenal Holdings Limited (group), Arsenal Football Club Limited (company 04250459 / 00109244), as filed at Companies House. The SCR uses the club's accounts, rolled forward to 2026/27.

SCR 2026/27 articles

Figures are from the latest completed checkpoint. They are the Orange Ledger's estimates, not official figures. Arsenal's finances, season by season · All 20 clubs.

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