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Arsenal post £24.7m profit and boast cash reserves of £193.1m
Arsenal’s parent company has posted a profit of £24.7m and a cash reserve of £193.1m in its latest set of published figures. The results, covering the year ended May 31 2015, put the group’s total turnover at £344.5m, up from £301.9m in 2014. The increase in profit before tax from £4.7m was helped by both a strong growth in commercial activity, including a lucrative new kit deal with Puma as well as player sales of £28.9m and property development. Arsenal, though, also invested heavily in Arsène Wenger’s FA Cup-winning squad over the period, with an outlay of around £114m and increased wages now up to just over £192m which...
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