Arsenal’s financial results for the last full year have been leaked on social media, showing the Gunners increasing their football turnover to £422.8m.
The authenticity of the document is yet to be verified, but reports suggest the financial findings will be released soon enough.
Arsenal fans: apologies for the dodgy quality but here's a sneak preview of your financial results, which I believe are to be published soon pic.twitter.com/8RrP2teBbQ
— JDL (@JakLew89) September 27, 2017
If legitimate, Arsenal’s footballing turnover has increased from £350.6m in the prior year to £422.8m. The profit before tax figure also increased to £44.8m (£2.9m in 2016).
According to the document, a large part of the reason for the increased turnover is the additional £58m brought in from the new Premier League TV deal.
The club’s cash balance has reportedly decreased from £191.1m to £144.3m, due to a club record net cash outflow on player transfers.
This might seem surprising given the Gunners’ transfer business in the summer window, but transfer fees are often paid in instalments.
It’s like Arsenal are still paying for some of the fees from the high-spending 2016 summer that saw Shkodran Mustafi, Granit Xhaka and Lucas Perez join among others.
There are still some outstanding transfer fees to pay, and the net amount due to vendor clubs was £42.7m, which is roughly the same as the £42.5m owed in 2016.
Meanwhile, wage costs rose from £195.4m to £199.4m, and represented a smaller percentage of turnover than in the prior year.
However, since no bonuses were paid to players as a result of Champions League qualification, the current year costs aren’t directly comparable to the prior year.
Overall, the club seems to be in a healthy financial position, although at this stage all of the above is still unconfirmed.