Arsenal has released its financial figure for the year ended May 31, 2012 and it shows a significant improvement in profit before tax on YOY basis. Arsenal’s executive Ivan Gazidis happily maintained that the club “can and will forge its own path to success” on this occasion. According to the latest published financial statement, its group profit has been risen from last year’s £14.8million.to £36.6million this year, before tax. Though, the group’s total turnover has not increased coz of its lesser revenues from property sale this year, but since it gained significant profit from player’s trading in last summer transfer window, it could achieve an enhanced profit this year than last year. Significantly, except other operational expenses, its wages have increased than last year’s figure of £124 million to this year £143 million – a significant improvement due to hiring of new staff this year and salary increment to top executives. Health wise, these financial results are quite satisfactory for Arsenal, coz its net debt and operational cost have not increased considerably except wages.
As told, one major input to this year’s increased operational revenue is its net player’s trading profit which is made by selling former captain Robin van Persie for £24million to Manchester United and Alex Song for £13million to Barcelona in summer transfer window whilst it also bought some players this season for rather a cheap figure, i.e., Lukas Podolski, Santi Cazorla, and Olivier Giroud. This buy/sell gave Arsenal a record player’s trading profit mounting to £26 million. According to Gazidis, current healthy financial figures will help the club in signing many new deals alongwith other initiatives within the UEFA’s financial fair play guidelines. He also hinted about club’s behind the scene strategy for its infrastructure development and said, “We have qualified for the Champions League for the 15th season in a row whilst off the pitch we have a business strategy and infrastructure that is helping us to grow our revenues. This revenue growth will provide sustainable funds for future investment in the team whilst keeping within the UEFA Financial Fair Play requirements. We can and will forge our own path to success.”
With this kind of figures, Arsenal is surely building its strongest financial foundation alongwith its infield good performances and if it could qualify for the championship for another two or three year, it will surely find another lucrative sponsorship deal after Emirate. Moreover, there’re other minor possibilities to increase operation incomes too, so Arsenal will enjoy its healthy prospects in coming years!