Bisciotti Defends Ravens' Integrity Braves Oust Frank Wren After Seven Seasons Karmanos Seeking Hurricanes Buyer Attendance Up For Playoff-Bound Nats, O's MLS Atlanta Getting Early Start Chivas USA's MLS Hiatus Imminent? NHL Franchise Notes Ravens Refute Report Of Ray Rice Coverup Bowlen's Successor As Broncos Owner Unclear MLS' Abbott Concludes Sacramento Trip
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).