Arsenal Contributes More Than Half A Billion Pounds To UK Economy
Arsenal Football Club contributed more than half a billion pounds to the UK economy in a single season, according to a major new study by EY.
The findings, which were published in the club’s Economic and Social Impact Report, found they also supported 4,400 UK jobs and reached more than 14,000 people through community projects during the 2022/23 season.
The report highlights the club’s commitment to driving economic and social progress, which they deliver through numerous community-focused initiatives including the work of Arsenal in the Community and registered charity, The Arsenal Foundation.
Key findings from the report, which covers the 2022/23 season, include:
– Delivered £616 million in economic value* (GVA) to the UK economy, with £425 million contributed in our home borough of Islington
– Helped generate £228 million in UK tax revenue
– More than 4,400 jobs in the UK and 1,600 local jobs in Islington were supported
– 14,000 people participated in AITC initiatives, which delivered over 140,000 hours of community-based activity
– Attracted 1.6 million supporters to Emirates Stadium and more than 9,500 supporters to Meadow Park, resulting in positive economic effects on local businesses and the surrounding community
Read the full report here: Arsenal Economic and Social Report 2024
Arsenal Managing Director, Richard Garlick, said: “We are proud to publish our first Economic and Social impact report. EY’s independent analysis shows the economic contribution that we make to the local and national economy, delivering £616m of economic value to the UK.”
Cllr Santiago Bell-Bradford, Executive Member for Inclusive Economy, Culture & Jobs, added: “Arsenal has acted for our community and supported the local economy for over 100 years.
“This report brings to life many of the ways in which we work in partnership with Arsenal to nurture young people, support jobs and instil a strong sense of pride and belonging in our borough. We’re excited to continue to move forward in partnership to make Islington more equal and prosperous for all.”
The Arsenal Economic and Social Impact report also outlines the work they are doing to support the environment. In 2020, they were the first Premier League club to endorse the UN Sport for Climate Action Framework and recently became the first club in the world to have a net-zero target approved by the globally respected Science Based Targets Initiative (SBTi), ensuring its climate action plan for net-zero aligns with the most ambitious pathway to limit global temperature rises.
Source: Arsenal.com
