A new study has revealed Arsenal sits as the second-most valuable club in the Premier League, boasting a worth of over £1 billion that puts it second only to Manchester United, valued at £1.848 billion.
That's according to football finance expert Dr. Tom Markham, who has given the Gunners a market value of £1.118 billion, taking into account how much the club earns, how much it spends, stadium capacity and other factors:
According to Vaishali Bhardwaj of the London Evening Standard, wage bill and a club's assets are also variables that alter a club's worth, with the Gunners reportedly boasting a 19 per cent increase in value over the past two years.
It's well-founded Arsenal operates on a more stringent financial policy than some of its Premier League peers, with FourFourTwo's Sam Pilger noting the difference between the club and Manchester City in the transfer market:
Reigning Premier League champions Chelsea has seen an even greater increase in value over the past two years, rising by 38 per cent to its current £826 million worth, placing it fourth among Premier League clubs.
Arsenal hasn't won a Premier League title since 2004, but the signings of big-money stars such as Mesut Ozil and Alexis Sanchez in recent years have helped the team claim back-to-back FA Cup titles.
The 60,000-capacity Emirates Stadium has helped Arsenal claim an advantage over Chelsea, but it's thought the Blues' plans to renovate Stamford Bridge into a 60,000-seat stadium of its own will bring the two clubs closer.
For now, Arsenal reigns as London's heaviest hitter in a financial sense, but perhaps manager Arsene Wenger would trade those bragging rights in for one more Premier League crown.