Arsenal valuation rises as title success reshapes Kroenke investment case
Arsenal enter the Champions League final later today with a first Premier League title in 22 years already altering the club’s financial and competitive standing. A win over Paris Saint-Germain would cap a long turnaround under Stan Kroenke and Josh Kroenke, as revenues and enterprise value continue to climb.
Highlights
- Arsenal's enterprise value rose 23 percent to about €4.9bn (£4.3bn) in 2025, driven by on-pitch success and revenue growth.
- 2024-25 revenue reached £690mn and is set to exceed £700mn this season, strengthened by domestic achievements and Champions League progression.
- Kroenke's investments and Emirates Stadium expansion plans, alongside Arsenal Women's growing crowds, enhance business prospects across the club.
Two decades of change at Arsenal
As reported by Financial Times, Arsenal’s return to the top of English football marks a sharp reversal from the period after the club’s 2006 Champions League final defeat to Barcelona, when the cost of the move from Highbury to the Emirates Stadium constrained spending and weakened its position against domestic rivals.Stan Kroenke first bought a 9.99 per cent stake in Arsenal in 2007, valuing the club at £420mn. He later tightened his grip through a battle for full control, and his 2018 purchase of Alisher Usmanov’s 30 per cent stake valued Arsenal at £1.8bn.
During the leaner years, supporters openly turned on Kroenke as Chelsea, Manchester United and Manchester City benefited from Arsenal’s decline and took some of the London club’s leading players. The mood has now shifted, with Mikel Arteta turning the men’s team into champions and the ownership facing a far warmer reception from fans.
Revenue growth and wider club impact
Arsenal reported revenue of £690mn in 2024-25, and that figure is expected to rise above £700mn this season as domestic success and a deep Champions League run support commercial and matchday income. Even before the league title is fully reflected, Football Benchmark estimates the club’s enterprise value at about €4.9bn, or £4.3bn, up 23 per cent from its 2025 rankings.The broader business picture also reflects gains beyond the men’s first team. Arsenal Women draw the biggest crowds in the Women’s Super League, while the Kroenkes are planning to expand the Emirates Stadium, reinforcing the club’s growth prospects in London and across European football.
Paris Saint-Germain present a formidable final opponent, having evolved from a mid-table French side in 2005-06 into a state-backed force under Qatar Sports Investments. For Arsenal, victory would deliver not only another trophy but also a further boost to the club’s commercial appeal and valuation.
In our earlier report on London Stadium’s finances, we examined how West Ham United’s relegation would trigger a clause cutting the club’s annual rent and increasing pressure on the publicly owned venue’s budget. We also noted that the situation has reignited debate over the post-2012 Olympic legacy and the risks to taxpayers when stadium economics are tied to on-pitch performance.
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