Arsenal have confirmed the financial results for Arsenal Holdings PLC for the the six months up to November 2015. There has been an increase in turnover, but a reported overall loss of after tax of £3.4m.
Some of the key points are as follows:
Turnover from football increased to £158.0 million (2014 – £148.5 million) with growth in Uefa Champions League broadcasting distributions and commercial activity led mainly by partnerships.
- Profits on sale of player registrations amounted to only £0.3 million which was significantly lower than the prior period comparative (2014 – £26.7 million).
- Amortisation charge on player registrations further increased to £29.2 million (2014 – £25.6 million).
- The Group recorded an overall loss after tax of £3.4 million (2014 – profit of £6.2 million).
- The Group has no short-term debt and its cash reserves, excluding the balances designated as debt service reserves, amounted to £135.9 million (2014 – £138.8 million)
Reflecting on the results, chairman Sir Chips Keswick said, “We continue to see robust growth around our commercial revenues and build our support globally through our marketing and media channels.
“The result for the period has been impacted by a reduction in transfer profits but this reflects the overall stability we have within the squad which, in my view, is a positive factor for the club.”
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