Premier League club finances: What have we learned from Arsenal, Chelsea, Liverpool, Man Utd, Spurs and West Ham accounts?

The Premier League's biggest clubs have recently published their financial results for the 2024-25 season.

While football is decided on the pitch, these off-the-pitch results tend to give clues as to which direction clubs are going in - and what transfer activity could look like in the years to come.

Manchester United, Arsenal and Liverpool all published their details by the end of February - while West Ham also joined them, revealing some surprising results.

Sky Sports' reporters go through all the club accounts to reveal what we can learn from each club...

Manchester United's latest accounts show how important it is for the club to get back into Europe. If you want to make Manchester United great again, they need to be playing in the Champions League again as soon as possible.

The new expanded format of the competition means English clubs have each made between £73m and £86m from just playing in the league phase this season.

United are improving on and off the pitch, although it is too early to start celebrating about the latest figures they posted in New York.

Not being in Europe would be a financial disaster for most clubs, but United's finances are just about holding up - despite overall debt rising to £1.29bn with no new stadium for that vast borrowing. The long-term Glazer debt is still £488m ($650m), the short-term borrowing is up to £295.7m and more than £500m is owed on transfers.

As expected, being out of Europe means United revenues for the six months to the end of last December fell from £341.8m to £330.7m.

Matchday income was down £2.8m to £75.7m because United played five fewer games at Old Trafford than in the final six months of the previous year. Increased ticket prices mean they are making more per game and United still make more money on matchdays than any other club in England.