Arsenal Announce End of Year Profit of £24.7m

 

English Premier League club Arsenal have confirmed a pre-tax profit of £24.7million for the year ending 31 May 2015. The team's latest financial results revealed the club's commercial revenue topped £100m for the first time, which is largely due to the club's new kit deal with Puma.

Gunners’ latest financial results reveal that they have £228.2m in the bank despite a year of record investment in the squad totalling £114m, including big-money signings Alexis Sanchez, Danny Welbeck and Gabriel Paulista in addition to the retention of key players on new contracts.

Supporters will no doubt question why manager Arsene Wenger failed to land an outfield player this summer given the robust financial position but the club insists that the £228.2m figure is not indicative of the wider picture.

There is £35m contained within that amount set aside as a debt service reserve while the figures also confirm Arsenal owe £65.6m in outstanding payments on existing transfers, in the form of structured payments, add-ons or bonuses.

Running costs and cash-flow account for another chunk but conservative estimates would still suggest Arsenal had at least £80m available for player acquisitions this summer.