Premier League football club Arsenal has confirmed plans to renovate Emirates Stadium, with a major refurbishment of the venue’s roof to be central to the project.
Renovation work at the Emirates will also include new big screens, turnstile readers to speed up entry and new wraps outside the venue.
Arsenal did not confirm a timescale for the project but The Telegraph reported last month that the work would take place over the coming months and during the off-season in the summer.
The 60,000-seat stadium opened in 2006 and Arsenal is now planning a “multi-million-pound” investment in the venue.
Arsenal confirmed the plans yesterday, with the news coinciding with the announcement that its season and match-day ticket prices will increase for the first time in seven years.
Tickets will be increasing by 4% for the 2022-23 season, marking the first time since 2014 that a stadium-wide increase has been introduced.
Head to our sister site TheTicketingBusiness.com for more details on the price increases.
Arsenal also announced its financial results for the year ending May 31, 2021 yesterday. The loss for the year after taxation was £107.3m (€128.7m/$144m) – significantly higher than the £47.8m loss posted in 2020.
Arsenal noted that the figures were severely impacted by the majority of matches during the 2020-21 season being played behind closed doors due to the COVID-19 pandemic, resulting in a “complete loss” of ticket and other match-day revenue.
Arsenal played 31 home matches during the year ending May 31, 2021, but only two of these games had any fans present. As a result, the club’s match-day revenue fell by £75m to £3.8m.