Arsenal reveal £170m cash reserve with latest financial results

Arsenal reveal £170m cash reserve with latest financial results
4.00 6

Published September 21st, 2014 - 02:04 GMT via SyndiGate.info

Rate Article:

 
PRINT Send Mail
comment (0)
Arsenal squad
Arsenal squad

Arsenal could potentially spend another £50 million in January after the club revealed cash reserves of more than £100 million in the latest financial results.

Arsenal finally appear to be reaping the benefits of years of prudent spending forced by the move to the Emirates stadium. The club has consistently been in positive health with regard to finances over the last few years, as the mammoth income from the new stadium has helped them in this regard. The new Premier League deal also sees TV money raise substantially for the north London outfit.

The latest financial results for the 2013-14 season showed that the club had a whopping £173 million cash reserve in May. The previous financial results revealed that the club had £120 million in cash reserve. Arsene Wenger spent extravagantly in the summer by bringing players like Alexis Sanchez, Calum Chambers, Danny Welbeck, and Mathieu Debuchy. Despite these purchases, Arsenal are thought to have more than £100 million to spend right now. This is after the club’s net spend was just over £45 million. According to the club’s official site, chief executive officer, Ivan Gazidis, said:

“The club is in excellent shape, both on and off the pitch. We are proud of our 11th FA Cup success and the reward this represents to our fans in the Arsenal community around the world.

"There is always more to do and, whether investing in the team or in training facilities which will provide long-term benefit to the club, our guiding principles are the same and our focus is clear, on delivering more on field success.”

Arsenal have had one the best wages-to-turnover ratio in the Premier League and it has become even better this time around. Even though the wage bill has increased by £11 million to £166 million, it now represents only 55.7% of the revenue compared to the 63.6% of the previous years.

Wenger has suggested ahead of the trip against Aston Villa that Arsenal may consider signing a couple of players. Rumours about short-term deals for the likes of Joseph Yobo, who are available on a free transfer, would be ideal rather than a permanent signing. Even if Wenger decides to step into the January transfer window, he is likely to have around £30 million to spend.

Copyright © 2014 SWOL.co | Soccer Without Limits. | All rights reserved.

Add a new comment

 avatar