Arsenal Reveals Loss for Latest Financial Results

Premier League giants Arsenal have revealed their latest financial results by reporting a £2.2m loss for the six months to the end of November.

The announcement was a sharp fall from the £17.8m profit it made in the same period a year ago.

Turnover from football increased to £136m, cialis up from £106.1m during the same period in 2012.

Broadcasting revenue was boosted to £52.0 million (2012 – £40.1 million) principally as a result of the Premier League’s new contracts with Sky and BT.

Commercial and retail revenues rose to £38.4 million (2012 – £27.7 million) mainly due to the extended partnership arrangements with Emirates which were not yet in force for the comparative period.

The north London club has recently confirmed a major five year contract with PUMA, capsule as the Club’s new kit partner, viagra 100mg which will come into effect from the start of next financial year.

However, profit from trading players suffered a steep decline, from £42.5m to £6.1m.

Before player trading and depreciation, operating profits were £22.2m.

Commenting on the results for the six months, the Club’s chairman, Sir Chips Keswick, said: “When I was appointed chairman last summer, there was good reason to believe that the hard work which has been put in, by many people across the Club, over recent years had created the momentum for a successful season in every aspect of our activities.

“Thus far that optimism has been well-founded. We believe we are in a strong position to take the Club forward both in the short-term and beyond and to deliver future on-field success.”