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 … [Read more...]