davieG Posted 20 September 2006 Posted 20 September 2006 The bigger it is the more money teams seem to have to spend. From BBC Arsenal's debt increases by £100m Arsenal moved into the Emirates Stadium at the start of the season Arsenal's debt has increased by more than £100m following their move from Highbury to the Emirates Stadium. Gunners chairman Peter Hill-Wood has announced that their overall debt has risen from £153.3m in 2005 to £262.1m. "As well as completing the new stadium we have also refinanced the related debt," said Hill-Wood. "The refinancing is beneficial as it secures a financing arrangement for the long term and also frees up more cash-flow for investment in the team." The figures also showed that Arsenal's operating profits before player trading and exceptional items was £11.3m, which was down from £32.6m the previous year. The level of pre-tax profits from the sale of players was up to £19.2m, while Arsenal's run to the Champions League final meant their football business increased turnover to £132.1m.
Daggers Posted 20 September 2006 Posted 20 September 2006 "The refinancing is beneficial as it secures a financing arrangement for the long term and also frees up more cash-flow for investment in the team." It's like listening to one of those daytime TV adverts!
LCFC4LIFE Posted 20 September 2006 Posted 20 September 2006 Haha... i hope they have to sell there players and coem to the championship
lcfc_jme Posted 20 September 2006 Posted 20 September 2006 If bigger debt meant more money to spend, we'd have been splashing the cash all over the place in the past few seasons
Recommended Posts
Archived
This topic is now archived and is closed to further replies.