Arsenal would have wanted more out of the 2024/25 season, though failure to break their five-year silverware drought appears to have done little damage to the fact they are in a strong business position.
In the Premier League, Mikel Arteta's side finished 10 points adrift of eventual title winners Liverpool, in the runner-up spot they have occupied now for last three years. In the Champions League they were dispatched by Paris Saint-Germain at the semi-final stage and the less said about domestic cup competitions, the better.
Injuries across the squad, particularly in attack, prevented any true momentum being built in their battle for top spot with Arne Slot's team.
Now, with the transfer window set to open in two days' time, Arsenal are being tipped toaddress those problems in attack by bringing in an out-and-out No.9, with Viktor Gyokeres and Benjamin Sesko both rated highly by Emirates Stadium chiefs.
It is going to take a great deal of financing to make this plan work, but it is apparent that this club are in an incredibly stable place in terms of their finances.
Budapest-based The Football Benchmark Group have released their 2025 Football Clubs Valuation findings - their 10th annual report.
This financial report looks particularly into the 32 highest-ranked clubs in Europe based on their Enterprise Value (EV), which is essentially the total value of a club’s equity plus its net debt.
Football Benchmark’s methodology uses a revenue-multiple approach, with annual operating revenue multiplied by a number that is benchmarked against clubs from the same league that have recently been bought or are publicly listed.
There is then a proprietary algorithm that looks at five parameters - profitability, popularity on social media, sporting potential as defined by squad value, the strength of the league’s TV deals and stadium ownership.
Of all clubs, the Gunners place seventh overall with an EV of €4,010,000,000 (£3,379,206,950).
Their climb by three places since last year's report is the biggest margin within the top 10, marking a 29 per cent year-on-year increase from 2024.
Last year's figure for Arsenal was €3,108,000,000 (£2,619,096,060), so they have an EV increase of €902,000,000 (£760,110,890).
Only Aston Villa and Real Sociedad, both lower down in the rankings, possess a greater year-on-year growth percentage.
By comparison, Liverpool only showed a 0.4 percent year-on-year change with EV set at €4,207,000,000 (£3,538,760,112).
Other Premier League clubs to feature in the top 10 are Manchester City (2nd, £4.29bn), Manchester United (3rd, £4.24bn), Tottenham Hotspur (9th, £3.04bn) and Chelsea (10th, £2.51bn).
That 10-point margin may have put Liverpool ahead of the Gunners to win England's greatest prize, but off of the pitch, it is the Premier League runners-up who possess the business with a healthier growth in the past year.
Behind City, Arsenal also possess the country's second-highest value squad as of March 2025, rated at €1,186,000,000 (£997,615,760).
The arrival of a star striker such as Gyokeres or Sesko, plus midfielder Martin Zubimendi and any other signings Arteta deems worthy is only going to increase that total.
His team's competitive edge would also grow, ready to take on the challenge of toppling Liverpool and keeping City at bay, and on-field success is the surefire way of guaranteeing financial successes too.