Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Arsenal Post Pre-Tax Profit of £17.8m

Tue 26th Feb 2013 | Money & Finance

Arsenal have posted a profit before tax of £17.8m in their latest half-year financial results.

The figures released for the half-year to the end of November 2012, show this was driven primarily by player sales of £42.5m but the accounts also show an investment of £40.9m in signing new players and the extension of contracts for existing players.

However, the club’s overall after tax profit for the six months was £14.9m, down from £8m in 2011.

Football turnover dropped from £113.5m to £106m as a result of four fewer home fixtures compared to the same period last year. However, overall operating profits from the club’s property operation increased to £1.9m versus £0.5m in 2011.

Chairman Peter Hill-Wood said: “Our ability to compete at the top of the game here and in Europe is underpinned by our financial performance which gives the club strength and independence.

“Our desire is to make everyone connected with Arsenal proud of the club. We know that comes through winning trophies but also through the way we do things and that will remain our constant guide.”

Arsenal now has no short-term debt and continues to have a robust financial platform from cash reserves of £123.3m.

The report also confirms the extended partnership with Emirates which will be worth up to £150m. This comes in addition to deals with Airtel and Malta Guinness and additional sponsorship linked to the pre-season tour.

Mr Hill-Wood added: “The Emirates partnership is one of the biggest sponsorship deals in the game and is an endorsement of the commercial approach we are taking.”

Source:www.arsenal.com

Posted by: Aaron Gourley

Subscribe to our newsletter

 

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

How Football Clubs Source Their Revenue

Thu 22nd Jun 2017 | Money & Finance

It will come as a surprise to no one that football is big business these days. Although players’ wages – especially at the top teams – have increased remarkably, the clubs can pay...

“Why Does Your Club Offer Discounts?” 5 Responses

Tue 6th Jun 2017 | Money & Finance

Following my article last week on the 3 observations about discounts offered on football clubs’ merchandise stores ; I wanted to share some more insight in to the merchandise space. I’ve...

West Ham United announce record season ticket renewals

Thu 1st Jun 2017 | Money & Finance

West Ham United have announced a club record number of season ticket renewals for the 2017/18 Premier League campaign. At Wednesday's 5pm deadline, over 90% of the 52,000 season ticket holders at...

Footballers, their cars, and how many minutes of play it takes to pay for them

Thu 1st Jun 2017 | Money & Finance

Online used car dealership Carspring have researched the vehicles driven by more than 250 of the world’s leading football players. With this information, along with the estimated salaries of...