The latest financial results have been announced on Arsenal‘s official website, and despite record expenditure we are looking extremely comfortable.
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The club have announced a £12.6m increase in turnover from football – which includes things like ticket sales and commercial activity.
We also saw an £18.2m rise in our cash reserves, with a final figure of £138.8m released.
With the transfer fees of players like Alexis Sanchez and Danny Welbeck, we saw a record level of expenditure this season (£93.7m). Despite that however, we have still managed to remain financially stable.
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Arsenal chairman Sir Chips Keswick spoke out about the figures, and insisted that we needed to be more consistent if we were to reach our goals – both financially and in footballing terms.
“Our commitment to investment in the squad was evidenced by a record level of expenditure on players joining the club,” he said.
“Crucially, this investment remains at a level which is consistent with our principle of affordability and which is financially sustainable.
“On the field, the team has produced some strong results and the squad is looking fit and better balanced.
“However, we need to find our best form on a more consistent basis as we approach, what I hope will be, an exciting end to the season.”
A lot of fans will no doubt find issues with the release of these figures, claiming that if the money is there then why don’t we spend it. We have always been a financially sensible club however, and we are no closer to becoming a free spending side now than we were five years ago.
Just because we have huge cash reserves available, it doesn’t mean we should spend them. Clubs like Aston Villa or Portsmouth who barely have two sticks to rub together nowadays would no doubt kill for our reserves, and if things go south at least we know we are unlikely to suffer too badly.
Villa were once one of the biggest clubs in England, and now they are constantly teetering on the edge of relegation. This is not something that anyone wants to see for Arsenal.