Arsenal have revealed their status as Britain's richest football club following figures released on Monday morning which show their move to Emirates Stadium helped increase turnover to more than £200million.Moving From Highbury Proves A Hit With Gunners!
Arsenal have revealed their status as Britain's richest football club following figures released on Monday morning which show their move to Emirates Stadium helped increase turnover to more than £200million.Not only do they jump above Chelsea and Manchester United, but the Gunners are now - officially - only behind Real Madrid as the richest club in the world!
Arsenal's move to their new 60,000-seater home at Ashburton Grove from Highbury has proved more than a financially sound decision, with the long-term debt related to the move having also been refinanced into bonds which provide "a significant reduction" in annual service costs.
The club generated match day revenues of £90.6million in their first season, representing some £3.1million-per-game - which was more than double that of Highbury.
Meanwhile, some 91% of the units at 'The Stadium - Highbury Square' redevelopment are already pre-sold, with final completion sales expected to comfortably exceed £300million.
Arsenal - currently top of the Barclays Premier League - saw their cash balances up to £73.9million, from £35.6million in 2006.