It's boom time for top Gunners
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Arsenal's turnover topped £200million for the year ending May 31, 2007, with group operating profits up by an astonishing 274% to £51.2million.
The Gunners revealed their status as Britain's richest football club following figures released on Monday morning which show the value of their move to Emirates Stadium.
The profits well exceed the likes of Manchester United and Chelsea - whose respective turnover for the same period was £167.8m and £152.8m.
Monday's announcement also rockets Arsenal into the same financial league as Real Madrid, whose turnover was £202m for the 2005-06 season. -
WAH. richest? cooooooool.
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does that mean we actually have the means to splurge on a big name player next season or better still in january?
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Maybe we can get a big name player coming to Arsenal?
Cheers. -
We make superstars, not buy them
no offence -
This is just the beginning.
Just make sure you'll deliver the goods. -
*Wenger promised transfer funds*
Arsene Wenger is to be given a transfer war chest of £70million after Arsenal revealed themselves to be Britain's richest club.
Figures publicised on Monday showed The Gunners' turnover for the last financial year to be more than £200million.
With operating profits also up 274 per cent to £51.2million, Wenger is expected to benefit from the club's strong financial position.
The Arsenal boss did not use his entire budget during the summer transfer window, and managing director Keith Edelman claims he now has considerable funds available to reinforce his squad.
Outstanding performance
"I think we are in a very good position," Edelman said.
"Clearly Arsene's performance and the team's performance on the pitch has been outstanding, obviously backed up by our very strong financial position.
"We gave Arsene a budget in the summer and he didn't even spend all of it on transfers and hopefully we'll be able to carry that forward into future years.
"We have got plenty of financial firepower to make the transfers Arsene wants to make.
"We had over £70million of cash at the end of the year and if Arsene wants to spend that money we will make it available."
There has been speculation of a possible takeover at Emirates Stadium, with Russian billionaire Alisher Usmanov recently increasing his stake in the club to around 21 per cent.
But Edelman insists the financial results show there is no reason to change the way in which the club is run.
Rabid fans
"We think it's very important as a board that the club develops revenues it generates itself and is not dependent on people putting money in every year, because that's not a very stable basis on which to run a club," he told Arsenal's official website.
"We regard ourselves as custodians of the club and fans as well. It's important that the club does have a stable financial base.
"If you look at the shareholders and look at the board, we are all here because we love the club. Yes we want to run it well as a business, but only because we want to be a great club.
"That could be contrasted with what could be called financial owners, who come to purchase clubs to make money out of them and they don't have that affinity to be a rabid fan - to live, breathe and eat Arsenal Football Club." -
getting richer n somemore built a bunch of super n young talents who r potential football stars.Originally posted by glacer:We make superstars, not buy them
no offence
dunno where to spend these money on since we dun even need signings in the 1st place.
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We have the ability to buy Ronaldinho now..Originally posted by turbo_drift:Arsene Wenger is to be given a transfer war chest of £70million after Arsenal revealed themselves to be Britain's richest club. -
His buy-out clause is 85 million pounds....not enough.Originally posted by glacer:We can even buy 1 Ronaldinho now -
Originally posted by CoolMyth:His buy-out clause is 85 million pounds....not enough.
Then buy 1 Petr Cech
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Buy 1 Rio FerdinandOriginally posted by glacer:
Then buy 1 Petr Cech -
maybe we can buy some expensive cum over-rated cum useless and hopeless england players to prove some tards in this forum dat arsenal is not a foreign based club.
me really wonder why would anyone will bother to break transfer record of signing defender or goalkeeper, or spending 16 millions - 17.5 millions on england midfielders n strikers who not even on starting-lineup. -
Why Ferdinand?Originally posted by turbo_drift:Buy 1 Rio Ferdinand 
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Erm. U trust our current defense meh?Originally posted by glacer:Why Ferdinand? -
70m? thats quite a lot i suggest we keep it for 1 more season, accumulate to 100m, and buy the whole french team, judging by the way wenger is signing players....we alrdy have clichy, gallas, sagna, flamini, diaby and diarra then we will get back henry and anelka as well and even ribery!
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Originally posted by vishnusux:70m? thats quite a lot i suggest we keep it for 1 more season, accumulate to 100m, and buy the whole french team, judging by the way wenger is signing players....we alrdy have clichy, gallas, sagna, flamini, diaby and diarra then we will get back henry and anelka as well and even ribery!
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i rather to stick wif the current defenders than to sign this greedy ex-drug addicter who was once got 6-months ban for failing to attend drug test.Originally posted by turbo_drift:Erm. U trust our current defense meh? 
somemore he was ungrateful at one time for tryin to jump to chelsea by refusing to extend his contract. -
Oh come on. Not all footballers (especially those playing as defender) that bad.Originally posted by 798:i rather to stick wif the current defenders than to sign this greedy ex-drug addicter who was once got 6-months ban for failing to attend drug test.
somemore he was ungrateful at one time for tryin to jump to chelsea by refusing to extend his contract.
Cheers. -
u forgotten bout cashley cole already?Originally posted by turbo_drift:Oh come on. Not all footballers (especially those playing as defender) that bad.
Cheers.
it's definitely sux to be him rite now in chelsea camp for walk us out!
Diarra is fortunate to get out of there. -
I've not forgotten about Cashley Cole. But not all like Cashley Cole wat.Originally posted by 798:u forgotten bout cashley cole already?
it's definitely sux to be him rite now in chelsea camp for walk us out!
Diarra is fortunate to get out of there. -
Indeed.....the french backline for one looks not that bad...Originally posted by turbo_drift:I've not forgotten about Cashley Cole. But not all like Cashley Cole wat.