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Arsenal pre-tax profits increase to 35.2m

The Emirates Stadium
Debts at the Emirates Stadium club have fallen by almost 130m

Arsenal have announced that profits have risen to £35.2m and debts have been drastically reduced.

Pre-tax profits for the six months to the end of November 2009 increased by more than £10m from the figure for the same period during 2008.

Debts at Arsenal Holdings, the Gunners' parent company, were slashed from £332.8m to £203.6m.

Arsenal's non-executive chairman Peter Hill-Wood said part of the "surplus" cash would be used on the squad.

Hill-Wood added: "How we will use it remains undecided, but in addition to investing in the team I think we will examine the investment in club projects and infrastructure, both in and around the Emirates Stadium."

606: DEBATE
Scottias the Badger

Sales of 261 new apartments at Highbury Square - the north London club's former ground - raised £96.6m.

The club also stated the first stage of investment in the Emirates, where they played their first competitive game in 2006, had been completed and reiterated the intention to re-sign first-team players on long-term deals.



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see also
Wenger douses Van Persie optimism
25 Feb 10 |  Arsenal
Arsenal 2-0 Sunderland
20 Feb 10 |  Premier League
Future bright for London rivals
08 Jan 10 |  Premier League
Property boosts Arsenal profits
28 Sep 09 |  Business
Arsenal reveal increased profits
26 Feb 09 |  Arsenal
Arsenal score 54% rise in profit
22 Feb 08 |  Business
Arsenal builds financial foundations
10 Aug 08 |  Business
Arsenal 1-1 Aston Villa
19 Aug 06 |  Premier League
Arsenal open doors on new stadium
20 Jul 06 |  Arsenal


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