WSL 2024-25 accounts: club-by-club financial breakdown
Eight Women's Super League clubs published detailed financial accounts for the 2024-25 season, with figures covering years ending in May or June 2025 and revealing marked differences in income and expenditure across the division. The published numbers show aggregate gains for those clubs but also underline widening gaps between the highest-earning outfits and smaller operators.
Combined figures for the eight clubs that released full accounts show turnover rising to £21.54m (from £15.26m in 2023-24), a total wage bill of £11.32m (up from £9m) and a profit after tax of £22,000 (previously a £15,000 loss); broadcasting receipts for the group increased to £2.02m and matchday revenue to £5.9m, while commercial income reached £1.78m. The Guardian noted that any figures exceeding £1m have been rounded to the nearest £10,000 and concluded the numbers illustrate a growing gulf between wealthier and less well-resourced clubs.
Arsenal reported turnover of £21.54m for the year ending 31 May 2025, with a total wage bill of £11.32m and a post-tax profit of £22,000; their accounts show £11.9m listed as “group income” and a £1.4m boost to broadcast revenue distributed by Uefa linked to their Champions League success. The club’s matchday receipts were highlighted as an outlier in the WSL because of attendances at the Emirates Stadium, and the accounts state Arsenal remain reliant on parent undertaking KSE UK Inc for continued financial support.
Chelsea recorded turnover of £21.31m for the year ending 30 June 2025, a wage bill of £14.52m and a loss after tax of £17.10m; the accounts detail a £12.08m payment for the purchase of Kingsmeadow from Chelsea Football Club Limited. The club’s commercial revenue was listed at £16.03m and broadcasting income at £2.27m, and the accounts note the club has since announced plans to play all home league fixtures at Stamford Bridge.
Brighton’s year ending 30 June 2025 showed turnover of £1.34m, a wage bill of £5.00m and a loss after tax of £7.29m, with wages amounting to 72% of revenue; the accounts include a letter from chair Tony Bloom committing to non-recall of existing loans and the provision of additional funding if required, and confirm the club is advancing plans for an £80m purpose-built women’s stadium. Everton reported turnover of £2.93m and a wage bill of £2.87m for the year ending 30 June 2025, resulting in a loss after tax of £1.28m and a wages-to-revenue ratio of 98%, with those figures covering their final season at Walton Hall Park.
Liverpool’s accounts for the year ending 31 May 2025 show turnover of £6.13m, a wage bill of £3.12m and a post-tax profit of £168,000, with broadcasting income of £962,000 and commercial revenue of £4.83m; the report notes Liverpool and Manchester United are the only two WSL clubs to have recorded a profit over the past eight years combined. Manchester United’s year ending 30 June 2025 recorded turnover of £10.74m, a wage bill of £5.88m and a profit after tax of £397,000, with broadcasting receipts of £1.15m and commercial income of £3.44m; the club additionally generated £850,000 from the sale of Melvine Malard to Chelsea.
Manchester City posted turnover of £10.62m and total wages of £8.49m for the year ending 30 June 2025, with a loss after tax of £2.83m; their accounts list broadcasting revenue of £1.71m, matchday revenue of £1.97m and commercial income of £6.93m, with wages amounting to 80% of revenue. Tottenham’s figures for the year ending 30 June 2025 show turnover of £4.41m, a wage bill of £4.30m and a loss after tax of £2.83m, with commercial revenue of £3.39m and matchday receipts of £433,000; Tottenham’s matchday revenue was noted as roughly one-tenth of Arsenal’s.
Four clubs competing in the 2024-25 WSL season did not publish detailed accounts: relegated Crystal Palace recorded turnover of £1.32m and a post-tax loss of £1.99m in their submitted summary, while Leicester City posted a loss after tax of £4.80m. Aston Villa and West Ham United have not published detailed top-tier figures; West Ham cited an entitlement to exemption from audit under section 479A of the Companies Act 2006, and Villa’s men’s team accounts disclosed total expenditure of £7.65m on the women’s side in 2024-25. London City Lionesses, who won the second tier in 2024-25, showed an operating loss of £10.6m against revenue of £902,000 in that period and the accounts identify Michele Kang as financing the club.
Birmingham City and Charlton Athletic have been promoted to the WSL ahead of the new season alongside the returning Crystal Palace; Birmingham’s 2024-25 turnover of £6.1m and a profit of £141,000, plus a wage bill of £2.47m, are included in the published accounts, while Charlton’s Companies House filings remain overdue.