Arsenal have announced yet another loss in their latest round of accounts. For the financial year ending May 31, 2025, the club have seen a loss of £1.7million.

This can be absorbed in a number of ways, especially given that the club only recently announced that, for the fifth consecutive season, ticket prices will increase on average by 3.9%. It is the seventh straight year the club has announced it has made a loss.

For a club operating in the UEFA Champions League, competing at the top end of the Premier League and in the latter stages of most competitions, this might come as a surprise. Especially when the last time the club announced a profit was in 2018.

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However, delve deeper into the numbers, and this loss actually looks rather positive. Yet there are still some questions that need answering.

When you look at the year-on-year financial results...