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Arsenal have £193.1 million in cash reserves as profits rise
The N FC crew engage in a debate about whether Chelsea or Arsenal will finish higher in the Premier League this season. Arsenal's parent company has posted a profit of £24.7 million and a cash reserve of £193.1m in its latest set of published figures. The results, covering the year ended May 31 2015, put the group's total turnover at £344.5m, up from £301.9m in 2014. The increase in profit before tax from £4.7m was helped by both a strong growth in commercial activity, including a lucrative new kit deal with Puma as well as player sales of £28.9m and property development. Arsenal, though, also invested heavily in Arsene Wenger's FA Cup-winning squad over the...
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-10y from ESPNFC.co.uk
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