Arsenal have been named as the seventh most valuable club in the world in the latest Forbes list as the club continues to rise as a European superpower.
Following our move to the Emirates Stadium in 2006, we were repeatedly told that it was part of a plan to catapult us among Europe’s elite.
For a long time, many remained skeptical as we continued to sell star players whilst focusing on qualifying for the Champions League.
Forbes’ top-10 most valuable teams. pic.twitter.com/NnmC0bl9Rw
— PA Dugout (@PA_dugout) May 6, 2015
However, over the past two years, we have certainly started to witness our club financially rise to within touching distance of Europe’s top clubs.
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In June 2013, Ivan Gazidis warned many that the time had arrive where the club would bear the fruits of its labour after years of exercising prudence.
“The fact is this year we are beginning to see something we have been planning for some time, which is the escalation in our financial firepower,” the chief executive was quoted as saying by the Mirror.
This was due to two reasons: commercial deals which were forced upon the club in order for us to complete the stadium move were up for renewal in 2014 – those were significantly increased, or indeed, replaced.
Puma became our new kit manufacture whilst we renewed our deal with Emirates and judging by the numbers reported in the press, we now receive a combined £64m per season from our kit deals – a significant increase (via the Mirror).
This latest list from Forbes shows that the club must now start to deliver on the pitch as well as in the boardroom.