Skip to main contentAccess keys helpA-Z index

[an error occurred while processing this directive]
watch listen BBC Sport BBC Sport
Low graphics|Help
---------------
---------------
CHOOSE A SPORT
 
RELATED BBC SITES
Last Updated: Wednesday, 20 September 2006, 10:28 GMT 11:28 UK
Arsenal's debt increases by 100m
Arsenal's Emirates Stadium
Arsenal moved into the Emirates Stadium at the start of the season
Arsenal's debt has increased by more than 100m following their move from Highbury to the Emirates Stadium.

Gunners chairman Peter Hill-Wood has announced that their overall debt has risen from 153.3m in 2005 to 262.1m.

"As well as completing the new stadium we have also refinanced the related debt," said Hill-Wood.

"The refinancing is beneficial as it secures a financing arrangement for the long term and also frees up more cash-flow for investment in the team."

The figures also showed that Arsenal's operating profits before player trading and exceptional items was 11.3m, which was down from 32.6m the previous year.

The level of pre-tax profits from the sale of players was up to 19.2m, while Arsenal's run to the Champions League final meant their football business increased turnover to 132.1m.

RELATED BBC LINKS:

RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites

BBC PRODUCTS AND SERVICES
Daily and weekly e-mails | Mobiles | Desktop Tools | News Feeds | Interactive Television | Downloads
Sport Homepage | Football | Cricket | Rugby Union | Rugby League | Tennis | Golf | Motorsport | Boxing | Athletics | Snooker | Horse Racing | Cycling | Disability sport | Olympics 2012 | Sport Relief | Other sport...

Help | Privacy & Cookies Policy | News sources | About the BBC | Contact us