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Latest Arsenal Accounts Reveal Record Signing On Players
Reports are out claiming that Arsenal have announced a pre-tax profit of £11.1m for the six months to November 30 last year. This represents a loss of £2.2m from the same period in 2013, with Arsenal also posting an increase of £12.6m in turnover to £148.5m. Arsenal also say the club has cash reserves of £138.8m, with the figure rising from £120.6m from the same six-month period in 2013. Arsenal expect the overall result for the year to fully comply with UEFA Financial Fair Play rules, with the club announcing it has spent a club-record £93.7m on players, reports Sky Sports. Arsenal chairman Sir Chips Keswick said: “Our commitment to investment in the squad was evidenced by a...
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