Arsenal Make Six Month Loss - 25/02/2007

Arsenal lost £6.2m in the six months ending on 30 November. Their pre-tax profits rose from £14.3m in the same period in 2005 to £19.6m last year, but the loss was caused by one-off costs of £21.4m relating to the refinancing of their debt which stands at £260m and is being repaid over 25 years. The move to the Emirates Stadium has dramatically increased turnover. Match day income leapt from £15.6m to £38m with each game bringing £2.8m in ticket revenue. However, player wages rose by £12.3m.