Arsenal recorded a small loss of £3.4m in the six months to 30 November, compared with a profit of £6.2m in the same period the preceding year. The difference is largely explained in terms of income from player transfers.
Turnover was up from £148.5m to £158.4m. The club has a war chest of over £159m should it need to draw on it.
Arsenal recorded a small loss of £3.4m in the six months to 30 November, compared with a profit of £6.2m in the same period the preceding year. The difference is largely explained in terms of income from player transfers.
Turnover was up from £148.5m to £158.4m. The club has a war chest of over £159m should it need to draw on it.
The club warned that the financial benefits of the new television deal would be offset by inflationary pressures on wages and transfer fees.