Arsenal have announced an impressive set of financial figures for the
period ending Nov. 30th 2013, with the accounts revealing the club
boasts a huge 120.6 million-pound cash reserve.
With operating profits to 22.2 million pounds for the year, up from the
4.4 million surplus in 2012, the figures suggest Arsenal manager Arsene
Wenger had plenty of financial firepower in the last transfer window,
even though he opted not to make any fresh signings.
Arsenal were heavily linked with a move for Schalke’s Julian Draxler
last month, yet the reported 37
million-pound price tag for the German
youngster was believed to be a stumbling block for Wenger, who opted to
stick with the squad that served him well in the first half of this
season.
That decision will be put to the test in the coming days as Arsenal
face a crucial FA Cup clash with Liverpool on Sunday and a Champions
League meeting with Bayern Munich next Wednesday.
“When I was appointed chairman last summer, there was good reason to
believe that the hard work which has been put in, by many people across
the club, over recent years had created the momentum for a successful
season in every aspect of our activities,” said Arsenal chairman Sir
Chips Keswick, as he gave his view on the financial results.
“Thus far that optimism has been well-founded. We believe we are in a
strong position to take the club forward both in the short-term and
beyond and to deliver future on-field success.”
Arsenal’s commercial and retail revenues rose to 38.4 million pounds
(2012 -- 27.7 million pounds), broadcasting revenue was boosted to 52.0
million pounds (2012 -- 40.1 million pounds), while match day income
increased to 45.0 million pounds (2012 -- 37.8 million pounds).
Arsenal’s next set of financial figures will be boosted by the lucrative new five-year contract with kit manufacture Puma, which was announced earlier this year.
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