Arsenal released their most recent financial figures today, showing, first and foremost, that the Premier League giants has roughly $282 million in cash reserves and about $7.67 million in profit, which was $3.26 million less than a season ago.
Their turnover, though, has increased to around $492.37 million from $456.77 million, created by a better broadcasting income, new commercial agreements and their success in the FA Cup, where the Gunners defeated Hull City, 3-2, in the final to seize their first silverware in 3,283 days.
Wages were up by $19.54 million to $271.03 million, taking 55.7 per cent of football revenue due to the re-signings of Theo Walcott, Jack Wilshere and Aaron Ramsey. Those numbers would change further if they took into account some of the acquisitions this summer, namely Alexis Sanchez coming from Barcelona.
“The club is in excellent shape, both on and off the pitch,” Arsenal chief executive Ivan Gazidis, per Sky Sports. “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.”
Arsenal continues to exist as one of the PL’s top clubs, and their financials have certainly helped them achieve that goal, even though they aren’t inundated with cash like some other squads.