Menu
Finance

Arsenal Announces £12.6M Pre-Tax Profit In Six-Month Period Ending Nov. 30

Arsenal announced a pre-tax profit of £12.6M despite "spending a record amount on players," according to James Olley of the London EVENING STANDARD. The club’s latest accounts for the six-month period ending Nov. 30 "underline the impact" of the Premier League’s new £8B ($10B) TV deal, with 45% of the team's football revenue coming from broadcasting. Turnover was "consequently up" to £191.1M from £158M in the corresponding half-year in '15 and enabled Arsenal to "overturn a loss" of £6.2M into a profit "even after significant investment in the summer transfer window." The Gunners brought in Granit Xhaka, Rob Holding, Shkodran Mustafi and Lucas Perez in the summer as £86.6M was invested in the squad (EVENING STANDARD, 2/24). The BBC reported Arsenal's cash reserves stand at £100.5M ($125.3M), down from £135.9M a year ago. The results "were announced as speculation continues" over the future of Manager Arsène Wenger following last week's 5-1 defeat by Bayern Munich in the Champions League (BBC, 2/24).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2017/02/27/Finance/Arsenal.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2017/02/27/Finance/Arsenal.aspx

CLOSE