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Arsenal Confirm £120.6m Is Available As Latest Financial Results Are Announced

By on February 14, 2014

Arsenal have announced their latest financial results which confirm that the club have cash reserves totaling £120.6m available in the bank.

The results are for the period ending November 30, 2013, and a statement on the clubs official website confirmed that turnover from football has increased from £106.1m to £136m with match-day income increasing from £37.8m to £45m. This is mainly because of the return of the Emirates Cup returning last pre-season while our Champions League qualifying round also provided extra income.

The new Sky and BT deals saw broadcasting revenue increase from £40.1m to £52m, and commercial and retail revenue increased from £27.7m to £38.4m which is mainly down to our extended partnership agreements with the Emirates.

The increase in turnover saw operating profits increase from £4.4m to £22.2m and profit on player sales was £6.1m compared to £42.5m in 2012, although income from the property side of the company understandably dropped from £32.3m to £2m with profits of just £0.7m

All sounding good so far, doesn’t’ it. Well the really interesting bit is that we have no short-term debt and cash reserves amount to £120.6m – up from £99.7m in 2012. This is the amount available. We have another estimated figure of £20m also in the bank but that is kept in reserve.

It’s a staggering figure for the club to have sitting in the bank and will obviously lead to a number of questions from the fans. Namely, 1) why was more money not spent on strengthening the squad in the summer and winter windows and 2) why the need for a 3% increase in ticket prices?

All fans knew we had huge sums left to spend, even after the £42m purchase of Mesut Ozil, and now it’s been confirmed we have over £120m the pressure is going to be on Wenger once again after he failed to spend a penny in January.

And these figures don’t even take into consideration the record £150m kit sponsorship deal we’ve recently signed with PUMA. So we’ll have another £30m per season available over the next five years on top of this £120.6m sitting in the bank.

There really is no excuse why this shouldn’t be a major summer in the transfer market, and I just hope Arsene doesn’t end up regretting not opening the cheque book last month…

What do make of these financial results?

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4 Comments

  1. Harry Barracuda

    February 14, 2014 at 4:03 pm

    You know Arsenal, they won’t spend it until it’s in the bank.

  2. Dennis

    February 14, 2014 at 4:18 pm

    The same sort of thing is said every year.

  3. Noko

    February 14, 2014 at 4:43 pm

    Eix i doubt that mr arsene wenger will spend any penny in the summer he only signed one player only one but maybe this time he will spend money and bring some new faces at the emirates house,i miss that team of henry,pires,sol campbell,ashley cole you name them.

  4. Arinze

    February 15, 2014 at 10:58 am

    Shalom. Every organisation declares their their financial status every fiscal year. In Arsenal’s case, does their declaration mean the whole money is buying players. Don’t they maintain facilities, pay salaries and so on?

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