Writer: Nick Simmonett
Date:Monday September 24 2007
The egarly anticipated results for the last financial year reveled an even bigger increase in revenue and profit than anyone had expected.
Of course, a move to a stadium with an extra 22,000 seats, and a massive assault on the retail market are going to see income rocket, but not even the Arsenal money men knew that the Arsenal group would set British records come May.
It was predicted before Arsenal's move to the new Ashburton Grove Stadium that match day revenue would increase by about £30 Million, which would have taken the season's total to around £74 Million.
That forecast proved to be some way out as Arsenal's match day revenue alone exceeded the total income of some Premier League clubs. Match days generated a staggering £90.06Million in that time, despite Arsenal exiting the Champions League in the second round.
Arsenal's total turnover was up to £200.08 Million from £137.2 Million in the previous year. That's a ride of 46%.
Another very interesting thing to note is Arsenal Holding's PLC's bank balance. Last time the financial results were published it had fallen to £35.6 Million. This time around that has risen to £73.9 Million.
While these results do not take into account depreciation (which could, in theory, reduce the figures by as much as 20%), it also doesn't take into account player trading in that time, which was also a profitable side of the business for Arsenal.
The results also showed that 91% of the appartments at the Highbury Square development have been pre-sold. The total value of the site is expected to exceed £300 Million.
The results put to shame the likes of Chelsea and Manchester United, who's turnover was £152.8 Million and £167.8 Million respectively.
Speaking after the publication of the results Peter Hill-Wood said: '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.'
Date:Monday September 24 2007
Newcastle United 0 Arsenal 1 (Monday May 20 2013)
VIDEO: Wenger Praises 'Exceptional' Attitude (Monday May 20 2013)
Arsene Wenger, Now Is The Time (Monday May 20 2013)
The Moment That Made It All Worthwhile (Sunday May 19 2013)
Happy St Totteringham's Day To Gooners Everwhere (Sunday May 19 2013)
Team News: Last Game Of The Season (Sunday May 19 2013)
The Squeaky Bum Preview (Friday May 17 2013)
Wenger Confirms Sanogo Deal Almost Done (Friday May 17 2013)
Mid-Morning Ablutions #11 (Thursday May 16 2013)
Walcott Confirms Half-Time Kick Up The Bum (Thursday May 16 2013)
|1. Man Utd||38||28||5||5||43||89|
|2. Man City||38||23||9||6||32||78|
|Damned if we do
Ľ Spurs : 21/05/2013 09:29:00
|Silly season is here!!
Ľ Spurs : 21/05/2013 08:56:00
|Liverpool: Reds To Free Toure
Ľ Liverpool : 21/05/2013 08:38:00
|Saints Fans Thanked By Club
Ľ Southampton : 20/05/2013 22:48:00
|Rate The Players - Swansea City 0-3 Fulham
Ľ Swansea : 20/05/2013 22:26:00
|Vital Report: Liverpool 1-0 Queens Park Rangers
Ľ Liverpool : 20/05/2013 20:38:00
|Simeon Jackson Released
Ľ Norwich : 20/05/2013 19:52:00