Arsenal and Chelsea report highest revenue in WSL history
The Guardian Sport • 2 min read • Latest: Aug 19, 2026, 7:15 AM
Last updated Aug 19, 2026
Arsenal and Chelsea have emerged as the dominant financial forces in the Women’s Super League, as both clubs recorded more revenue for the 2024-25 season than all other teams combined. A comprehensive review of eight seasons' financial accounts reveals the extent of their financial superiority, outpacing rivals Manchester City and Manchester United significantly. The report highlights the increasing disparity in earnings and spending within the league, casting doubt on the previous notion of a ‘big four’ among WSL clubs. With London City Lionesses making notable transfer moves, the potential emergence of new competition could reshape the league dynamics moving forward.
- •Arsenal and Chelsea have far surpassed WSL revenue records.
- •Both clubs recorded more revenue than the rest of the league combined.
- •The review spans eight seasons of financial accounts.
- •Arsenal and Chelsea's financial strength challenges the concept of a ‘big four’.
- •London City Lionesses are making significant transfer moves.
- 7:15 AMThe Guardian Sport — WSL’s ‘big two’: Arsenal and Chelsea record more revenue than rest of league combined | Tom Garry
"Two clubs are far ahead in wages and turnover, but London City Lionesses could be new force after big transfer moves After reviewing eight seasons’ worth of Women’s Super League clubs’ financial accounts, it seems appropriate to start by offering a sincere apology to any reader who has become accustomed to seeing the phrase “the big four” in Women’s Super League coverage in reference to Arsenal, Chelsea, Manchester City and Manchester United. Financially speaking, that is a myth. There has actually been no such thing in recent times. There has, in fact, been a big two: Arsenal and Chelsea. On the pitch that quartet have lifted every major domestic women’s trophy since 2014 but, off it, the two London clubs have left the rest of the pack in their dust in regard to wages and turnover, together recording more revenue in 2024-25 than the rest of the division combined. Continue reading...
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