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Arsenal declare financial results
Posted by: Indiangooner
Date: 27/02/2012 16:01
Arsenal Holdings plc - Financial results

Group profit before tax was £49.5 million (2010 - loss of £6.1 million)
Profit on sale of player registrations amounted to £63.0 million (2010 - £4.0 million)
£74.7 million of investment in new players and extended contracts pushed amortisation charges up to £17.3 million (2010 - £10.1 million)
The resulting profit from player trading was £46.1 million (2010 - loss of £5.9 million)
Turnover from football rose to £113.5 million (2010 - £97.6 million) with increases from match-day (four additional games played) and commercial income streams
Operating profits (before depreciation and player trading) from football increased to £15.2 million (2010 - £9.4 million)
Period of minimal activity, as expected, in the property business with turnover of £3.2 million (2010 - £22.5 million) and operating profits of £0.5 million (2010 - £3.3 million)
Group has no short-term debt and continues to have a solid financial platform from cash reserves of £115.2 million (2010 - £110.4 million).

Commenting on the results for the six months, Peter Hill-Wood, non-executive Chairman, said:

“We are proud of Arsenal’s record and consistency over many seasons and have the foundations in place, at every level of the Club, to ensure we remain a force in the seasons ahead.”

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