Arsenal profits boom

Arsenal have released their financial results for the year ending May 31, 2007 and the staggering results have revealed that group operating results have increased 274 percent, while turnover increased 46 percent and labelled 'the Emirates effect'.

Arsenal chairman Peter Hill-Wood revealed the results will be an indicator of the future, "The best way that Arsenal can continue to deliver success is by maintaining a business that pays its own way.

"We have always pursued, and intend to continue with, a policy of re-investing profits and surplus cash into team development.

"Emirates Stadium now provides the club with the firm financial foundations from which we will continue to build trophy winning Arsenal teams for many years to come."

Their results for last season, the first in their new Emirates Stadium, sees income rise to £200.8m, a jump of £63m compared to the last year at Highbury.

The improvement brings Arsenal into the big league of European earners.

Manchester United will have to show an increase of £32m for last season to match the Gunners, while Chelsea will have to improve their income by nearly £50m, Liverpool by nearly £80m and Tottenham by £127m.