MX23RW : Sunday, November 17 10:55:22| >> :120:25801:25801:

Arsenal in "excellent" financial shape with £173.3m in the bank

Arsenal chief executive Ivan Gazidis says that the club are in "excellent" financial shape after announcing cash reserves of £173.3m.

Arsenal have announced that they have £173.3m in the bank after releasing figures for the financial year ending May 31, 2014.

The North London outfit made a pre-tax profit of £4.7m, as well as a total turnover of £301.9m, which is up from 280.4m last year.

Wage costs have risen from £154.5m to £166.4m, while a reduced profit of £6.9m was made from selling players compared to last year's £47m profit.

Chief executive Ivan Gazidis told the club's official website: "The club is in excellent shape, both on and off the pitch. We are proud of our 11th FA Cup success and the reward this represents to our fans in the Arsenal community around the world.

"There is always more to do and, whether investing in the team or in training facilities which will provide long-term benefit to the club, our guiding principles are the same and our focus is clear, on delivering more on field success.

"This remains the shared ambition of our majority shareholder, Stan Kroenke, the board and everyone connected with the club. We are well placed to deliver against those ambitions."

The figures do not include the money spent during Arsenal's transfer activity in the summer window.

ID:177674: cacheID:177674:1false2false3false:QQ:: from db desktop :LenBod:restore:2070:
Restore Data
Share this article now:
Arsenal's French Manager Arsene Wenger gestures from the touchline during the English Premier League football match between Arsenal and Manchester City at the Emirates Stadium in London on March 29, 2014
Read Next:
Arsenal to give Wenger £100m to spend?
>
rhs 2.0
Today's games header
6pm
Packers
@
Bears
6pm
Raiders
@
Dolphins
6pm
Colts
@
Jets
6pm
Jags
@
Lions
6pm
Rams
@
Patriots
6pm
Browns
@
Saints
6pm
Ravens
@
Steelers
6pm
Vikings
@
Titans
9.05pm
Seahawks
@
49ers
9.05pm
Falcons
@
Broncos
9.25pm
Chiefs
@
Bills
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool119112161528
2Manchester CityMan City117222213923
3Chelsea115422113819
4Arsenal115421812619
5Nottingham ForestNott'm Forest115421510519
6Brighton & Hove AlbionBrighton115421915419
7Fulham115331613318
8Newcastle UnitedNewcastle115331311218
9Aston Villa115331717018
10Tottenham HotspurSpurs1151523131016
11Brentford115152222016
12Bournemouth114341515015
13Manchester UnitedMan Utd114341212015
14West Ham UnitedWest Ham113351319-612
15Leicester CityLeicester112451421-710
16Everton112451017-710
17Ipswich TownIpswich111551222-108
18Crystal Palace11146815-77
19Wolverhampton WanderersWolves111371627-116
20Southampton11119721-144


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!