News » Premier League news » Arsenal news
Arsenal profits boom
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.
Arsenal news
Arsenal identify Bundesliga star as prime striker target
Arsenal & Man Utd favourites to sign Dutch striker?
Chelsea news
Chelsea set asking price to sell Omari Hutchinson
Man Utd eyeing surprise deal for Chelsea defender?
Liverpool news
Bournemouth eyeing deal for outgoing Liverpool star
Arsenal and Liverpool eyeing deal for Dutch goalkeeper
Tottenham Hotspur news
German attacker set to rejoin Tottenham Hotspur
Tottenham want to sign former Chelsea graduate?