Trump Declares Interest In Buying Bills Shanahan Officially On As Leafs President Communication Gap With Caps GM, Agents? Steve Koonin Named Hawks CEO Joe Dumars Won't Return As Pistons President Pacers' Success Translating Off The Court Magic's Attendance, TV Ratings Down Bills Prepare Portfolio For Potential Buyers Jets Conduct Focus Group To Gauge Fan Experience NHL Franchise Notes
Upcoming Conferences and Events
SBD/February 29, 2012/Franchises
EPL Club Aston Villa Announces Record Loss For Year Ending May 31, 2011
Published February 29, 2012
RISING PROFITS: The BBC reported EPL club Arsenal has seen a "huge rise in profits" to $78.9M following the sale of several key players. The profit from May-November '11 compares with a loss of $9.7M for the same period in '10. Some $66.3M of the club's profits "came from player trading." The figures "saw Arsenal's cash reserves rise" to $183.6M, up from $176M. Turnover from soccer rose to $180.9M from $155.6M (BBC.co.uk, 2/27). In London, Rory Smith noted Arsenal CEO Ivan Gazidis was "quick to warn that, contrary to speculation, not all of that money is theoretically available to be spent on players," as much of it is "earmarked for wages, running costs and a 'rainy day' fund designed to improve a cushion should Arsenal miss out on the Champions League" (LONDON TIMES, 2/28).