SM
Denmark vs. Spain: 16 hrs 6 mins
Upcoming predictions and previews

Arsenal in "excellent" financial shape with £173.3m in the bank

:Headline: Arsenal in 'excellent' financial shape with £173.3m in the bank: ID:177674: from db_amp
Arsenal chief executive Ivan Gazidis says that the club are in "excellent" financial shape after announcing cash reserves of £173.3m.

Arsenal have announced that they have £173.3m in the bank after releasing figures for the financial year ending May 31, 2014.

The North London outfit made a pre-tax profit of £4.7m, as well as a total turnover of £301.9m, which is up from 280.4m last year.

Wage costs have risen from £154.5m to £166.4m, while a reduced profit of £6.9m was made from selling players compared to last year's £47m profit.

Chief executive Ivan Gazidis told the club's official website: "The club is in excellent shape, both on and off the pitch. We are proud of our 11th FA Cup success and the reward this represents to our fans in the Arsenal community around the world.

"There is always more to do and, whether investing in the team or in training facilities which will provide long-term benefit to the club, our guiding principles are the same and our focus is clear, on delivering more on field success.

"This remains the shared ambition of our majority shareholder, Stan Kroenke, the board and everyone connected with the club. We are well placed to deliver against those ambitions."

The figures do not include the money spent during Arsenal's transfer activity in the summer window.

amp_article__177674 : Database Data restored...  : 
last updated article - 2014-09-20 08:43:43:
html db last update - 2014-09-20 08:43:43 :

ex - 7200 : read : read cache amp html

Click here for more stories about Ivan Gazidis

Click here for more stories about Arsenal

Share this article now:
Recommended Next on SM
Premier League Table
TeamPWDLFAGDPTS
1Liverpool119112161528
2Manchester CityMan City117222213923
3Chelsea115422113819
4Arsenal115421812619
5Nottingham ForestNott'm Forest115421510519
6Brighton & Hove AlbionBrighton115421915419
7Fulham115331613318
8Newcastle UnitedNewcastle115331311218
9Aston Villa115331717018
10Tottenham HotspurSpurs1151523131016
11Brentford115152222016
12Bournemouth114341515015
13Manchester UnitedMan Utd114341212015
14West Ham UnitedWest Ham113351319-612
15Leicester CityLeicester112451421-710
16Everton112451017-710
17Ipswich TownIpswich111551222-108
18Crystal Palace11146815-77
19Wolverhampton WanderersWolves111371627-116
20Southampton11119721-144
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.



. . . . . . . . . . . . . . .