After reviewing eight seasons’ worth of Women’s Super League clubs’ financial accounts, it seems appropriate to start by offering a sincere apology to any reader who has become accustomed to seeing the phrase “the big four” in Women’s Super League coverage in reference to Arsenal, Chelsea, Manchester City and Manchester United. Financially speaking, that is a myth. There has actually been no such thing in recent times. There has, in fact, been a big two: Arsenal and Chelsea.
On the pitch that quartet have lifted every major domestic women’s trophy since 2014 but, off it, the two London clubs have left the rest of the pack in their dust in regard to wages and turnover, together recording more revenue in 2024-25 than the rest of the division combined.
