Arsenal Football Club announced their half-yearly financial results on Monday. The overall before-tax profit for the six months up to the end of November was £49.5 million, which is much more than the Gunners earned during the same period last season.
The most important information regarding the financial side of the club was posted on Arsenal’s official website on Monday. In the same six-month span last year, Arsenal’s total before-tax profit amounted to a loss of £6.1m, while this year the figure came to a profit of £49.5m. That dramatic increase was caused by a number of factors.
Last season, there was a loss of £5.9m in the player trading sector. The profit from player trading this year was an astounding £46.1m. The turnover from football rose from £97.6m in 2010 to £113.5m in 2011 due to more home matches and increased commercial income streams. Many Arsenal supporters have spoken about our massive cash reserves. The amount currently in the vault is £115.2m, which is up from £110.4m.
Cheif executive Ivan Gazidis addressed concerns over whether Champions League qualification will be necessary in order to spend money in the summer:
“We cannot gear our entire financial model around that [Champions League] expectation because that would place the club in jeopardy if we did not qualify. So we have always got to keep something in reserve. I can assure fans that we would be able to be resilient and reinvest in the squad if things didn’t go our way so that we get back into the competition in the following year.” (Source: The Telegraph)
He also believes that we will have no trouble attracting new players if we finish outside of the top four: ”In terms of players selecting clubs based on the Champions League, I think there are very few clubs in the world you would go to ahead of Arsenal in terms of consistently being there. So I do not believe it affects our ability to attract top players and in fact, our Champions League record is a fantastic advertisement for this Club and a reason to come here.” (Arsenal.com)
Furthermore, Gazidis said about the recent criticisms of the club: “Well, we hear the noise and we understand the concerns of the fans. We know there are issues and we know we are not where we want to be. But I can tell you that the manager and the players are absolutely united behind what we have to do before the end of the season, which is to finish in the top four. That is not out of our hands in fact it is very much in our hands. We have had unbelievable support from our travelling fans – they have been to Sunderland and Milan just last week. Our supporters have put aside the questions, put aside the doubts and put aside the differences of opinion and got behind the team. If that can happen between now and the end of the season, I know that we can achieve Champions League qualification for next year, we can rebuild and regroup in the summer and come back strong next year.” (Source:
Some were expecting a massive outcry from Arsenal supporters when the financial results were released, but I’ve not heard too much. Perhaps the victory over Tottenham on Sunday has kept the mood of most fans positive. Even so, there is not much to be mad about.
As we have seen with Rangers and Portsmouth, a club spending beyond their means is putting itself at danger. Just because we have been a top Premiership side for quite a long time does not mean that we are immune from such a financial disaster. In fact, Chelsea and Manchester City could be in the same position as Rangers ten years from now.
While the press mocks our club for our self-sustaining financial model, they speak about the situations at Rangers and Portsmouth as tragedies. All of the misfortunes of both clubs were brought upon themselves by poor management. Sure, it is sad for the supporters, but the whole situation could have been avoided had they adopted a system similar to ours. More clubs will face the same fate as Rangers and Portsmouth unless football clubs across England and Europe attempt to solve the debt problem. It is a question that many countries in the European Union are facing and, sooner or later, football clubs will need to take on the same issue.


