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SBD Global/October 15, 2012/Leagues and Governing Bodies
EPL Clubs In New Wage-Restraint Talks
Published October 15, 2012
ARSENAL'S SELF-SUFFICIENCY: In London, Tongue also wrote that ever since moving from a stadium holding 38,000 to one with a 60,000 capacity and three times as many executive boxes, Arsenal FC has "been able to run the club on a self-financing basis." Arsenal's revenue is close to £3.5M ($5.6M) every matchday for up to 30 home games a season. A lower wage limit than its direct competitors and a recent lack of trophies has meant selling players, but "that has usually resulted in solid profits," including £36.6M ($58.8M) in the last accounts (INDEPENDENT, 10/14).