Arsenal have announced their financial results for the year ended May 31, 2016.
Group profit before tax was £2.9 million (2015 - £18.2 million), while turnover from football increased to £350.6 million (2015 - £329.3 million) with strong growth in broadcasting supported by commercial activity
- An additional £15.8 million from broadcasting driven by Uefa Champions League, record level of Premier League live coverage and second place prize money.
Commenting on the results for the year, the club’s chairman, Sir Chips Keswick, said: “We enjoyed a season of progress both on and off the pitch. Looking ahead, the new broadcast revenue has provided a further competitive stimulus to the Premier League, which was already the best and most closely contested league in world football.
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