Date: 24th February 2017 at 4:21pm
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Arsenal have this afternoon announced a pre tax profit of £12.6million for the six period ending November 30, 2016.

The full results for the half yearly results and the resultant statements from members of the board can be found in full by Clicking Here.

For the headline summary however.

The pre tax profit for the period was £12.6million with a turnover of £191.1million, up from £158million but a large part of that growth (45%) was the new television deal kicking into play.

The same period for 2015 saw a loss of £6.2million, and that’s despite the spending this summer, however as a consequence of that the club’s coffers have reduced by more that £100million and are down to £127.7million following that summer spending – and £64.6million is still due to be paid.

As Chairman Chips Keswick pointed out on the above link, the spending growth and wage increase is something that all clubs will be wary of moving forward.

‘As expected, increased Premier League broadcasting revenues had had a direct impact on player costs both in terms of transfer prices and player wage demands. Whilst these are the market forces that have contributed directly over time to the success of the Premier League, I would sound a note of caution in light of the very material contractual commitments to future wages that clubs are taking on.’

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