News24

Arsenal makes $80m profit

2012-02-27 14:43

London - Arsenal made a half-year pretax profit of almost $80 million, thanks mainly to the sale of Cesc Fabregas and Samir Nasri.

But the Premier League club's debt rose by 39 million pounds ($62 million) to 137 million pounds ($217 million) in the six months to November 30.

Arsenal has struggled on the pitch this season, with the team highly unlikely to end a seven-year trophy drought. But the club swung back into a 49.5 million pound profit in the first half of its financial year, compared to a 6-million pound loss in the six months to November 30, 2010.

Chairman Peter Hill-Wood said "it has been something of a roller-coaster season."

Profit from the sale of players was 63 million pounds ($100 million).

AP

Comments
  • TTasty - 2012-02-27 14:52

    For Arsene Wenger is making money than bringing results...

  • Cosmas - 2012-02-27 15:44

    Thats gud news, n their absence doesnt reflect, the team is playing superb football, I love it!!

      Rodney - 2012-02-27 17:51

      good football but no cups , wenger should change his management style and use the funds to buy big name players

  • Cyrus - 2012-02-27 17:53

    Well at least they making profit

      Heiku - 2012-02-27 18:24

      5-2.

      Pat Bopilo - 2012-02-28 11:05

      what abt 4-0 deafit 4rom italian side.

  • Jaffea Joe - 2012-02-27 18:57

    I always laugh at the fools that get excited about their club making money. What matters is results on the pitch for the fans

  • russel.lunt - 2012-02-27 20:47

    They turned a profit of $80m, of which $100m was from player sales? So in other words the club ran at a $20m loss outside the sale of Fabregas, Nasri, Clichy etc. Is selling Van Persie the only way they will operate at a profit next season? And then what? Sell Wilshire and Rosicky?

      Pat Bopilo - 2012-02-28 11:00

      They will realise dat only winning makes a good profit when its 2 late.

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