Commercial Deals Provide Arsenal with Increased Turnover

Arsenal Football Club have announced the financial results for the year ending May 31, asthma 2013 and have recorded an increase in turnover from football to £242.8m ($389.24m).

An official statement from the club noted the figure – up from £235.3m ($378m) in 2012, medstore was “driven mainly by commercial activity including the Club’s extended partnership with Emirates.”

The Premier League recorded revenue at £280m ($448.97m), ampoule up from £243m ($389.6m) in 2012, which was split between football (£243m ($389.6m)) and property (£37m ($59.3m))

The financial results of Arsenal Holdings plc also highlighted that group profit was down significantly to £6.7m ($10.74m) before tax, from £36.6m ($58.67m) the previous year.

The club made less profit on player sales and paid more in wages, resulting in the large drop in group profit. Profit on sale of player registrations amounted to £47m ($75.35m) (2012 – £65.5m ($105m)).

Commenting on the results for the year the Club’s chairman, Sir Chips Keswick, said: “Despite fair play initiatives the financial competition for top players remains intense and transfer prices and player wages continue to move ever higher.

“It is therefore positive that the strong financial platform we have created in recent years allows us to continue to be competitive at the highest level.”

Sir Chips continued: “It is my job to ensure we steer further along the course we have set.

“We must continue to grow commercially to provide the Club with the best opportunity to achieve success and we must do this in a way which remains true to our values and which ensures and protects the long-term sustainability of the Club.”

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