Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySoccer World DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America ClassifiedsGame Report
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Arsenal fills war chest
February 27th, 2012 11:52PM

TAGS:  arsenal, england, soccer business


[MONEY MATTERS] Arsenal may be struggling on the field, but it's doing well on the bottom line, reporting pre-tax profits of more than $78 million for the first six months of the fiscal year. The Gunners have cash reserves of more than $182 million and no short-term debt. The club's chief executive, former MLS deputy commissioner Ivan Gazidis, insisted that will be enough of a war chest for the summer transfer market if the Gunners fail to return to the Champions League, where they've competed for the last 14 years.

Most of the Arsenal profit stemmed from the sale of Cesc Fabregas (Barcelona), Samir Nasri (Manchester City) and Gael Clichy (Manchester City).

Qualification for the Champions League proper is thought to be worth more than $60 million a season to the Gunners, who are tied with Chelsea for fourth place in the English Premier League. (The top four teams qualify for the Champions League.)

"We don't have the kind of money that other clubs have," said Gazidis, "but we have enough, I believe, if we do it right, to be able to compete at the very highest levels of the game. Our manager [Arsene Wenger] has a fantastic track record of getting those decisions mostly right. There's an expectation at the club that we are in the Champions League every year but we can't gear our entire financial model around that, as that would place the club in jeopardy if we didn't qualify. So we have always got to keep something in reserve."

No comments yet.

Sign in to leave a comment. Don't have an account? Join Now



Recent Soccer America Daily
TV Report: NWSL viewers up for final, down for season    
The NWSL final won by FC Kansas City over regular-season champion Seattle averaged 167,000 viewers, the ...
Landon Donovan wants Klinsmann to be accountable    
The conventional wisdom is that Jurgen Klinsmann's job is not on the line if the USA ...
Offseason: NWSL Thorns send five players on loan overseas    
The Portland Thorns loaned defenders Steph Catley (Melbourne City FC), Kendall Johnson (Western Sydney Wanderers) and ...
What They're Saying: Michael Bradley    
"Certainly when you talk about the United States in a bigger way, one of the beautiful ...
Video Pick: Brazilian mascot loses his head     
O Vovo ("Grandpa"), the mascot of Brazilian second division club Ceara, apparently doesn't get that his ...
What They're Saying: Landon Donovan    
"Jurgen said many times he wants our players to feel pressure. ... Well, the same holds ...
What They're Saying: Roy Keane     
"Yes, why wouldn't he be? He didn’t have the baby. Unless he's breastfeeding he should be ...
MLS Power Rankings: Red Bulls stay on top    
Three weeks to go in the MLS season and only four teams have clinched playoff spots. ...
What They're Saying: Chung Mong Joon    
"The true danger is that they are not only sabotaging my candidacy. They are sabotaging FIFA's ...
Thorns confirm Parsons as coach for 2016 NWSL season    
The Portland Timbers have hired 29-year-old Mark Parsons as their new head coach less than a ...
>> Soccer America Daily Archives