ARSENALS FINANCIAL YEAR

[REB]

http://www.arsenal.com/news/news-archiv ... al-results


Arsenal Holdings plc has announced its financial results for the year ended May 31, 2015:
Group profit before tax was GBP24.7 million (2014 - GBP4.7 million).
The Group’s total turnover amounted to GBP344.5 million (2014 - GBP301.9 million).
Turnover from football increased to GBP329.3 million (2014 - GBP298.7 million) with strong growth in Commercial activity driven by the new kit partnership with PUMA.
Revenues of GBP103.3 million (2014 - GBP77.2 million) from Commercial activities (including retail and licensing) exceeded £100 million for the first time.
Matchday revenue of GBP100.4 million (2014 - GBP100.2 million) is now ranked behind both Broadcasting and Commercial as a source of revenue for the club.
Significant investment in the squad with a record level of expenditure on player acquisitions (GBP114.0 million) which has in turn resulted in a higher amortisation and higher wage costs in the profit and loss account.
Wage costs rose to GBP192.2 million (2014 - GBP166.4 million) and represented 58.4% (2014 – 55.7%) of football revenues.
Profit on sale of player registrations amounted to GBP28.9 million which was significantly higher than the prior period comparative (2014 - GBP6.9 million).
Group’s property business made a contribution to pre-tax profits of GBP13.4 million (2014 - GBP0.9 million) having benefited from a one-off profit share bonus in relation to a previously sold development site.
The Group has no short-term debt and its cash reserves, excluding the balances designated as debt service reserves, amounted to GBP193.1 million (2014 - GBP173.3 million).
The liabilities for player acquisitions are in part payable in instalments and transfer creditors rose to GBP80.5 million (2014 - GBP38.3 million).

[Nos89]

Just heard it on sky £193m in reserve. They saving to give one free season to all platinum, gold and silver members?
Player wages up £30m...

We can afford to buy anyone except Messi and Ronaldo so lord whoever declared that was telling the truth. After that announcement January transfer window should be interesting.

[Yankee_Gooner_Dandee]

Arsene FC doing exactly what Stan wants it to do...turn a profit.

[northbank123]

Over 25 million pound more paid out in wages. Thank fuck for all that progress to show for it.

Thinking of the number of substantial earners we have offloaded in the last few years and the lack of forward progress it is alarming that our wage bill continues to rocket. But as I've always said Wenger will find some undeserving and unproven players to grossly overpay in his socialist wage structure.

[Ikechukwu1]

Who remembers this exchange:

Lord Harris: "We have about £200m in reserve and the manager can sign whoever he wants."

Le Twat: "That figure is not strictly true."

Yes cos what would Harris know. Actually figures Arsene was right it wasn't £200m, it was £193m.

What a Cretin.

[armchair]

Who remembers this exchange:

Lord Harris: "We have about £200m in reserve and the manager can sign whoever he wants."

Le Twat: "That figure is not strictly true."

Yes cos what would Harris know. Actually figures Arsene was right it wasn't £200m, it was £193m.

What a Cretin.

AKB!
#flipflop.

[g88ner]

Who remembers this exchange:

Lord Harris: "We have about £200m in reserve and the manager can sign whoever he wants."

Le Twat: "That figure is not strictly true."

Yes cos what would Harris know. Actually figures Arsene was right it wasn't £200m, it was £193m.

What a Cretin.

I thought Wenger's point was that that £200m wasn't all to spend on transfers?

If so, he's probably right. Wages, debt repayments, etc.

[Ikechukwu1]

Who remembers this exchange:

Lord Harris: "We have about £200m in reserve and the manager can sign whoever he wants."

Le Twat: "That figure is not strictly true."

Yes cos what would Harris know. Actually figures Arsene was right it wasn't £200m, it was £193m.

What a Cretin.

I thought Wenger's point was that that £200m wasn't all to spend on transfers?

If so, he's probably right. Wages, debt repayments, etc.

LMFAO. Sure sure....I reckon that Lord Harris probably understands less about balance sheets, amortisation and cash allocations than Arsene "Socialist wage policy" Wenger (that errrr means he's paid more than anyone else). All due respect that one is scraping the barrel. Please don't insinuate things Wenger never said, because he never said that. He gave the impression Harris was talking out his arse - figures, Harris was almost bang on the money. Anyways what difference does it make £193m or £193, the fucktard spent zero on outfield players!

PS Lord Harris also said Wenger's long-term future will "be decided by himself and Stan Kroenke".
Could you imagine any club saying the manager decides when he leaves, irrespective of results

[Ikechukwu1]

Who remembers this exchange:

Lord Harris: "We have about £200m in reserve and the manager can sign whoever he wants."

Le Twat: "That figure is not strictly true."

Yes cos what would Harris know. Actually figures Arsene was right it wasn't £200m, it was £193m.

What a Cretin.

AKB!
#flipflop.

I'm infected!

[g88ner]

Who remembers this exchange:

Lord Harris: "We have about £200m in reserve and the manager can sign whoever he wants."

Le Twat: "That figure is not strictly true."

Yes cos what would Harris know. Actually figures Arsene was right it wasn't £200m, it was £193m.

What a Cretin.

I thought Wenger's point was that that £200m wasn't all to spend on transfers?

If so, he's probably right. Wages, debt repayments, etc.

LMFAO. Sure sure....I reckon that Lord Harris probably understands less about balance sheets, amortisation and cash allocations than Arsene "Socialist wage policy" Wenger (that errrr means he's paid more than anyone else). All due respect that one is scraping the barrel. Please don't insinuate things Wenger never said, because he never said that. He gave the impression Harris was talking out his arse - figures, Harris was almost bang on the money. Anyways what difference does it make £193m or £193, the fucktard spent zero on outfield players!

PS Lord Harris also said Wenger's long-term future will "be decided by himself and Stan Kroenke".
Could you imagine any club saying the manager decides when he leaves, irrespective of results

What's scraping the barrel? - that was just my interpretation. You don't think wages and stadium repayments comes out of that £193? - I just assumed it did.

Either way, we spent fuck all so whether it's £50m, £100m or £200m doesn't change the fact Wenger screwed us over with his incompetence.

[Ikechukwu1]

Agreed.

[SteveO 35]

Always handy to have £193m in cash reserves when the rate of interest is the lowest it has been in the 300+ year history of the Bank of England. In a normal, free float business the shareholders demand that the CEO either invests the cash into the core business at a decent rate of return or pays them out in the form of dividends. - but of course we are truly privileged to have the greatest owner in world football, an ambitious man with a wonderful track record of success in every franchise he runs. Thank god The Cook and the rest of the minnions managed to get Jabba to sod off !

The benefit of the increased commercial deals is there for all to see, as is the funds from the realisation of property sales. Sadly what's also very visible is exactly whose benefit that's been for.......that's one helluva lot of wigs

[QuartzGooner]

It is not clear whether the £20M per year stadium repayments come out of our profit or if the profit takes into account that £20M already being paid?
Hope Swiss Rambler can investigate further to sort that one out.

It does worry me that so much of the profit is down to property sales, which have now all but come to an end.

[SteveO 35]

It is not clear whether the £20M per year stadium repayments come out of our profit or if the profit takes into account that £20M already being paid?
Hope Swiss Rambler can investigate further to sort that one out.

It does worry me that so much of the profit is down to property sales, which have now all but come to an end.

It all has to come out of the P&L somewhere. Either way the whole repayment has to be shown in the change in net debt and on the face of the cashflow, and yet again the movement in cash is positive.

I can remember Gazidis very clearly bigging up the commercial deals - he bloody needed to given how much that marketing team has swelled under his leadership - and that element is there for all to see.

Remember that football clubs have to amortise their players over the life of their contracts, so the P&L statement often gives a false view. You need to look at the cashflow position to judge the real wealth generation

[StuartL]

It is not clear whether the £20M per year stadium repayments come out of our profit or if the profit takes into account that £20M already being paid?
Hope Swiss Rambler can investigate further to sort that one out.

It does worry me that so much of the profit is down to property sales, which have now all but come to an end.

But from this year onwards the PUMA kit deal kicks in, along with other better commercial deals.

Self sustaining is all well and good but not when average to good players are £20m and £100k a week.(more for top, top quality)

The game financially is a different world to what Wenker and the board envisaged 10 years ago.

We have no chance of bridging the gap without spending to match the big boys of Man City + Chelsea