Gunners bring in a profit despite record transfer spending.
Arsenal have brought in an impressive profit of £11.1m as the club publishes its financial results for the year, the London Evening Standard reports.
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Arsenal transfer news
The Gunners spent around £94m on new players in 2014, bringing in big names such as Alexis Sanchez, Danny Welbeck and Mathieu Debuchy during the summer, whilst also adding Brazilian defender Gabriel in January.
Despite this, Arsenal’s finances look strong going into the new year, and should see manager Arsene Wenger handed around £50m to spend in the transfer market.
Chairman Sir Chips Keswick released a statement, saying: “Our commitment to investment in the squad was evidenced by a record level of expenditure on players joining during the summer with the acquisitions of Calum Chambers, Mathieu Debuchy, David Ospina, Alexis Sanchez and Danny Welbeck.
“The recent acquisition of defender Gabriel from Villarreal will take our total transfer expenditure for the year to well in excess of £100 million. This substantial investment has inevitably led to increased amortisation and wage costs in our profit and loss account but, crucially, this remains at a level which is consistent with our principle of affordability and which is financially sustainable in accordance with the requirements of the applicable regulatory regimes.”