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SBD Global/January 17, 2014/Franchises

Arsenal COO Tom Fox Says Premier League Club Expects 'Huge Growth' Overseas

Arsenal COO Tom Fox said that the Premier League team "has potential to generate higher income by leveraging its international support," according to Ben Priechenfried of BLOOMBERG. He said, "There’s huge growth still in front of us as a sports property." Arsenal made £280M ($460M) in revenue in its last fiscal period, while profit fell to £5.8M ($9.5M) from £29.6M in the 12 months ended May 31. Fox said, "Finding ways to connect with that fanbase and increasingly monetize that fanbase on behalf of our partners is something we haven’t really spent a lot of time and effort doing. I think that’s where our growth will come from" (BLOOMBERG, 1/16).
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