Latest figures unveiled this morning reveal Arsenal's turnover has broken the £200 million barrier, after the move from Highbury to the larger 60,000 seat Emirates Stadium, currently making them Britain's richest football club.
The club's annual financial results for the year ending May 31, 2007 show that income rose 46% to £200.8m, up from £137.2m a year before. Arsenal manager Arsène Wenger has also been promised £70million in transfer funds.
Match day revenues from the first season at Emirates Stadium were £90.6 million, representing £3.1 million per game and being more than double the £44.1 million achieved in the previous year at Highbury
However, TV revenues were down on 2005/06, when the club reached the Champions League final, by £10m.
"These results demonstrate we really don't need any outside investment," the club's managing director Keith Edelman told the BBC.
All in all, life appears rosy for us Gooners. Despite the departure of Thierry Henry, the team is currently top of the Premiership, playing the kind of football that makes others drool and costing a relative pittance when compared to the reported £30million paid by Chelski for the services of one Andriy Mykolayovych Shevchenko. Arsène Wenger has extended his contract as Arsenal manager through to 2011, which will make him the longest serving manager in the club’s history.
And the recent debacle at Chelski serves as a timely reminder to Arsenal fans why perhaps we should beware wealthy billionaires bearing gifts.
New stadium boosts Arsenal income
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