Arsenal announced losses amounting to 2.5 million pounds
Bad news for the loser of Sunday League Cup final for Arsenal continued after the club up to the semi-annual financial report announced losses amounting to £ 2,5 million, underlining the truth that "strong" financial position has helped the Gunners to "continue normal activities.
Data are as of November 30, 2010, and include real estate transactions and activities in the transfer market. Declared losses in the amount of £ 2,5 млн stands in stark contrast with the figures for the same period in 2009, when profits Arsenal made a £ 29,2 million and are already taking into account the payment of taxes.
Significantly decreased and the profits from the sale of club players (only £ 4 million), and it is connected with the fact that this time the big names of the Emirates did not leave - in 2009, when the club left Emmanuel Adebayor and Kolo Toure, the figure was £ 33.9 million
More positive look at indicators of income from sports activities (£ 9,3 млн - £ 18 million in 2009) and total operating profit (£ 12,6 млн - £ 29,3 million in 2009).
Sale of 50 flats in the complex Highbury Square brought the club to an income of £ 22,5 million and operating profit of £ 3,3 million, and all the activities of "Arsenal" in real estate continues to be free from debts. All proceeds from the sale of flats are going to strengthen the cash position of the club, which is now valued at £ 110,4 million (£ 101 million in 2009).
"This strong performance in the current climate, and we're in that position, which had expected to be at this stage of the financial year and our long-term plans for further growth of the club - said non-executive chairman of Arsenal Peter Hill-Wood. - The club is located there where we want to see him: in the last months of the season we are fighting for trophies. "
"We are also proud of the fact that we continue to struggle at the highest level, while remaining true to its principles. We continue to work as a self-financing club, which brings its challenges in a highly competitive, but also creates a platform for secure and positive long-term future."