Arsenal reveal £6.7m profit

Arsenal have announced a reduced pre-tax profit of £6.7m for the year ending May 31.

Last Updated: 23/09/13 at 16:20 Post Comment

Arsenal's Emirates Stadium: Sponsorship deal was renewed late last year

Arsenal's Emirates Stadium: Sponsorship deal was renewed late last year

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

The figure is significantly down on the £36.6m made before tax in the previous 12 months, largely owing to reduced profit on player trading (£1.6m from £26.1m in 2012) and an increase in the wage bill (£154.5m from £143.4m in 2012).

Turnover from football was up £7.5m to £242.8m while the club continues to sit on a sizeable cash reserve of £119.7m.

The renewed shirt and stadium sponsorship deal with Emirates, signed in November and worth £30m a year, will be accounted for year-on-year over the course of the contract while the club record signing of Mesut Ozil will form part of next year's balance sheet.

Chairman Sir Chips Keswick, who replaced Peter Hill-Wood in the role in June, said: "It is my job to ensure we steer further along the course we have set.

"We must continue to grow commercially to provide the club with the best opportunity to achieve success and we must do this in a way which remains true to our values and which ensures and protects the long-term sustainability of the club.

"We face a competitive landscape across the top of the Premier League and across Europe's elite clubs, which is tougher than ever.

"Despite fair play initiatives, the financial competition for top players remains intense and transfer prices and player wages continue to move ever higher.

"It is therefore positive that the strong financial platform we have created in recent years allows us to continue to be competitive at the highest level."

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

Y

eah, if there's one thing football autobiographies need more of, it's mind numbing-inanity and platitudinous tales of bantz.

Hallicks
Robson blasts Keane book

W

e were a steaming pile of recently released dogs dinner.

popularpete,
Wenger: We refused to lose

I

m sure I'll be one of about 100 but the Monday's third allbum was actually Pill, Thrills n Bellyache. Brendan would kill for quality like that right now.

u man
Brendan Rodgers: Radiohead Or The Happy Mondays

Footer 365

Carragher: Balotelli will leave Liverpool next season

Jamie Carragher does not believe Mario Balotelli will remain with the club next season.

Champions League: Liverpool boss Brendan Rodgers rues defensive mistakes in Real Madrid defeat

Brendan Rodgers says he could have asked for no more from his side after seeing them taken apart by Real Madrid.

Champions League: Real Madrid ease past Liverpool with 3-0 win at Anfield

Real Madrid produced a first-half masterclass as they overpowered Liverpool 3-0 in the Champions League at Anfield.

Mail Box

Oh Mario - Why Always Meh?

Come on in and play the Liverpool blame game. Is it the fault of Rodgers, Balotelli, Mignolet, Johnson, Markovic or Lovren? Plus, Arsenal fans annoyed in victory...

Do Man City Have A 'Small Mentality'?

That's one claim in the mailbox after Vincent Kompany focused on a few hundred CSKA fans sneaking into the ground instead of City blowing a two-goal lead...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property