Arsenal Boosted By Impressive Financials
Arsenal unveiled impressive financial results in their latest set of figures but
brushed off speculation that the Premier League club was on the verge of a
foreign takeover.
Latest figures reveal the club’s turnover has broken the £200m barrier since
the move to the new Emirates Stadium.
The move to the new stadium from Highbury means Arsenal are now generating
more than £3m a game.
The club’s annual financial results to 31st May 2007 show that income soared
46% to £200.8m, up from £137.2m a year before.
Match income is now put at £3.1m a game, with total match income over the
past year coming to £90.6m.
However, TV revenues were down on 2005/06, when the club reached the
Champions League final, by £10m.
The figures also showed that Arsenal’s operating profits before player
trading and exceptional items was £51.2m, up from £13.7m the previous year.
‘These results demonstrate we really don’t need any outside investment,’
commented managing director Keith Edelman.
The club has been subject to takeover rumours after Russian billionaire
Alisher Usmanov increased his share in the club to 21%.
The businessman’s company, Red and White, is chaired by former Arsenal
vice-chairman David Dein, who claims foreign investment is needed to compete
with the likes of Chelsea.
