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Arsenal reveal £17.7m loss after jump in wages

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Arsenal have announced a loss of $ 22.3 m for the year ending May 31, 2024 .

The north London side generated a club-record 616.6 m in the 12-month period -- compared to 466.7 m a year earlier .

Arsenal suggest UEFA 's Financial Fair Play regulations and the Premier League's Profit and Sustainability Rules have created a tougher market in which to raise funds.