Arsenal profits hit £36m
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They won no trophies, but Arsenal’s finances were on the ball last year with a £36.7million profit.
The sum for the 12 months to May is £10m up on the previous year and comes despite an £11m rise in wages for stars such as Cesc Fabregas.
The Gunners also raked in cash from the improved Premier League TV deal.
Arsenal manager Arsene Wenger said: “The figures prove this club is well managed and responsible.”
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well done well done
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but in a way its frustrating to their fans.
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does it benefits the fans if the clubs pockets millions of profits?
Does the fans of london prefer to have the price of their ticket lower or see their team win trophy?
these profits will only benefits the owner of the clubs.
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These so call profits will only go to the money faced directors pockets... They are preparing themselves for the day they all cash out together in a year or two time...
The share lock-in they have currently prevent each director from selling their share individually. But I belief when the time come, just before or maybe just after it expire, they will sell it collectively for a handsome price taking away all the gains the club has achieved over the years at the expense of not strengthening it over the last few years...
What a waste of profits...