Arsenal punched their ticket to the knockout phase of the revamped UEFA Champions League on Tuesday night with a 2-1 win at Spanish side Girona in the final game of the league stage.

The victory ensured safe passage for Mikel Arteta’s men into the last 16 of the competition, with the Gunners finishing the campaign third in the league of 36 with a record of six wins, one draw and one defeat.

Arsenal’s return to the top table of European knockout football has coincided with significant growth in revenue, with the club jumping three places from 10th to seventh in the annual Deloitte Football Money League that was published last week, leapfrogging Premier League rivals Tottenham Hotspur, Chelsea and Liverpool. Revenue for 2023/24, with the accounts yet to be published, is set to be at £616m, up 33% year on year from the £463m posted in 2022/23.

The reason is, chiefly, Champions League football, and the success in this season’s competition means that already Arsenal’s 2024/25 financials should be healthy once more, something that creates a bigger between themselves and the likes of Chelsea and Manchester United, two clubs who have not had the benefit of Champions League riches of late.

When it comes to what Arsenal have managed to pocket from this year’s run, the revamped competition and the additional €435m (£364m) of revenue to be distributed among competing clubs has been a major boon.

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Of the four competing English clubs, which also includes Liverpool, Manchester City and Aston Villa, Arsenal have achieved the second highest revenue, with sums of around £77m achieved through qualification, prize money, broadcast fees and progression to the knockout phase.

With six wins and a draw, as well as the sums due for where they placed in the competition, with money arriving for finishing in the top eight as well as a pot of money from the distribution of shares for the 36 teams on a sliding scale, Arsenal bagged a little over £30m.

But it is the broadcast sums that have really been impactful, with the monies due to clubs based on the newly-introduced ‘value pillar’, which replaced the traditional UEFA co-efficient. The value pillar was split into competitive performance both in European competition and domestic competition over a 10-year period. Like with the UEFA coefficient, that is determined on a points basis and the clubs with greater success over that period can expect higher sums from the broadcast monies.

Arsenal claimed around €36.5m (£30.5m) from the value pillar, a figure that takes them to around £60.5m when calculating the money earned. When factoring in the initial sums for actually making the Champions League itself by virtue of a top four finish, the final total comes to just shy of £77m so far, and that is before Arsenal even begin the knockout phase, where further progression could see them break the £100m barrier well before any final gets near.

None of this takes into account the four home games at the Emirates that have taken place, all sell-outs. At a conservative estimate of £3.5m per game in terms of matchday revenue, that works out at an additional £14m, meaning the actual total is likely around £91m, and that doesn’t include any bonus payments or uplifts in the value of commercial contracts that may be triggered by Champions League success.

This season in the competition has already primed Arsenal for a strong financial year, and that could mean a greater willingness to spend big in key areas this summer, certainly to a greater degree than some of their competitors who have been on the outside looking in when it comes to the Champions League for some time.