Member Article

Profits up at Arsenal thanks to Puma sponsorship deal

Arsenal FC has posted a pretax profit boost of £11 million, compared to a loss of £2.2 million for 2013, thanks to its major kit sponsorship deal with Puma.

The club’s turnover from football activities rose to £148.5 million from £135.9 million in 2013.

Despite significant investment in the squad with a record level of expenditure on player acquisitions, profit on the sale of player registrations hit £26.7 million, increasing from £6.1 million in 2013.

The club’s chairman, Sir Chips Keswick, said: “Our commitment to investment in the squad was evidenced by a record level of expenditure on players joining the club.

“Crucially, this investment remains at a level which is consistent with our principle of affordability and which is financially sustainable in accordance with the applicable regulatory regimes.”

Broadcasting was the club’s largest source of income at £53.0 million and combined Commercial and Retail revenues rose to £52.3 million from £38.4 million.

Arsenal expect to meet all of the requirements of both the Premier League and UEFA’s financial regulatory regimes.

This was posted in Bdaily's Members' News section by Ellen Forster .