Arsenal announce €2.5m profit drop in latest financial figures

The club have announced a €27 million increase in turnover from 2013, but wages have risen after Theo Walcott, Aaron Ramsey and Jack Wilshere all signed improved deals

Arsenal have announced a €6 million [£4.7m] profit in their latest financial figures, a €2.5m [£2m] drop from the club’s results from 2013.

The financial results, which covered the year ending on May 31, 2014, also revealed a €27m [£21.5m] increase in turnover from 2013 to €383.5m [£301.9m] due to increased broadcasting income from the Premier League, last season’s FA Cup run and commercial deals.

Wages have also risen from €196m [£154.5m] in 2013 to €211.3m [£166.4m] and represent 55.7 per cent of Arsenal’s football revenue.

Having spent just over €95m [£75m] on Alexis Sanchez, Calum Chambers, Mathieu Debuchy, David Ospina and Danny Welbeck this summer, Arsenal confirmed that profit made on sales of player registration was reduced to €8.7m [£6.9m] from €60m [£47m].

A statement from Arsenal claimed that the club “continues to be in a robust financial position” and has a cash balance of €220m [£173.3m], an increase from €152m [£119.6m] in 2013.

“The club is in excellent shape, both on and off the pitch,” said chief executive Ivan Gazidis.

“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.”

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