Arsenal FC reveal financial results

September 30, 2016

Arsenal have announced their financial results for the year ended May 31, ailment 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.

“We know that the competition will be even tougher this season. Accordingly, we have made further significant investment into what was already a very competitive squad. As a result, we can and do look forward to the 2016/17 season with optimism and confidence.”

The club’s chief executive officer, Ivan Gazidis, added: “We are in a strong position to continue moving forward at every level of the club. On the pitch we have an outstanding squad. Off the pitch we have developed our infrastructure across all aspects of our operations to ensure we have the right assets and skills to progress.

“I am confident this progress, coupled with strong underlying values, will bring the success we all seek. Our ultimate ambition is clear: to win major trophies and make Arsenal fans at home and around the world proud of this great club.  Proud of our values, proud of the way we act and proud of our team.”