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The Nairobian

Arsenal reveal cash reserves of £138million

Football

By The Standard Sports | Feb 27, 2015

Arsenal have announced their latest financial figures, revealing a staggering remaining cash reserve of £138.8million

The Gunners made public their results for the six-month period ending in November 2014 on Friday, with their pre-tax profit standing at £11.1million.

And those figures are despite a record spend of £94million on players in the summer.

Chilean star Alexis Sanchez arrived at the Emirates for close to £35million while Danny Welbeck, Calum Chambers and Mathieu Debuchy were all brought in.

However despite the spend - and subsequent higher wage costs - the Gunners' turnover increased to £148.5million.

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The club's commercial growth has been boosted considerably by the new five-year kit deal with Puma, which came in to play at the start of this season, replacing long-term sponsors Nike.

Elsewhere, a further £26.7million has been made from the sale of players, in particular Thomas Vermaelen, and rejecting the option to re-sign former striker Carlos Vela.

It is worth noting the cash reserve does not include the January signings of Gabriel Paulista and Krystian Bielik, or the contingency plan in place, should Arsenal fail to make the top four.

Chairman Sir Chips Keswick said: "Our commitment to investment in the squad was evidenced by a record level of expenditure on players joining the club.

"Crucially, this investment remains at a level which is consistent with our principle of affordability and which is financially sustainable in accordance with the applicable regulatory regimes."

Keswick also discussed the importance of youngsters breaking into the first-team, reiterating the club's philosophy of investing in the future.

"On the field, the team has produced some strong results and the squad is looking fit and better balanced. However, we need to find our best form on a more consistent basis as we approach, what I hope will be, an exciting end to the season.

"It has been particularly rewarding to see the recent emergence into the first team squad of Francis Coquelin and Hector Bellerin.

"In an era when many are seeking short term results and instant action, we remain true to our principles of investing in the future by continuing to sign outstanding international talent while developing our own."