Date: 3rd October 2016 at 4:05pm
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Ahead of this weekend’s game against Burnley at Turf Moor, Arsenal Holdings PLC released the financial results for the year ending May 31 2016.

The headline results are as follows:

Group profit before tax was £2.9million compared to 2015’s £18.2million.

Turnover from football increased to £350.6million, up from 2015’s £329.3millionm with the tag that strong growth in broadcasting was supported by the club’s commercial activity.

Broadcasting accounted for an additional £15.8million, combining both UEFA Champions League revenue and record Premier League coverage – the second place obviously helped as well in prize money.

Commercial growth was an additional £5million from secondary partnerships and it was 40% year on year growth.

As for costs, the club reference higher amortisation charges and wage costs owing to squad investment, and wages rose to £195.4million from 2015’s £192.3million to represent a 55.7% tally of football revenues. 2015 the number was 58.4% but the club point out themselves a year to year tally is distorted by ‘double charge for Champions league qualification bonuses’ the previous year.

Amortisation on player registrations rose to £59.3million from 2015’s £54.4million.

Profit on player sales also dropped to £2million from 2015’s £28.9million, and the results also show a quiet year for the Group’s property business as their contribution to pre tax profits was down at £2million from 2015’s £13.4million.

Clearly the club remains in a stable state though as with no short term debt, cash balances, excluding accounts designated as debt service reserves, came to £191.1million – a small drop on 2015’s £193.1 million.

For the full results and associated statements please Click Here.

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