Featured Matches
Previous
Valencia
Malaga
0
0
LIVE 22'
Game Details
FC Augsburg
Borussia Dortmund
2
3
FT
Game Details
Marseille
Nice
4
0
LIVE 90' +4'
Game Details
Sporting Kansas City
Houston Dynamo
12:00 AM GMT
Game Details
Getafe
Almeria
1
0
FT
Game Details
Getafe
Almeria
1
0
FT
Game Details
Valencia
Malaga
0
0
LIVE 22'
Game Details
FC Augsburg
Borussia Dortmund
2
3
FT
Game Details
Marseille
Nice
4
0
LIVE 90' +4'
Game Details
Perugia
Bologna
2
1
LIVE 90'
Game Details
FC Union Berlin
Nurnberg
0
4
FT
Game Details
FSV Frankfurt
RB Leipzig
0
0
FT
Game Details
VfR Aalen
Kaiserslautern
2
2
FT
Game Details
AJ Auxerre
Valenciennes
1
2
FT
Game Details
Ajaccio GFCO
Troyes
0
4
FT
Game Details
Chateauroux
Orléans
0
0
FT
Game Details
Le Havre AC
Créteil
1
1
FT
Game Details
Nimes
Arles
2
2
FT
Game Details
Niort
Clermont Foot
0
0
FT
Game Details
Sochaux
Dijon FCO
0
1
FT
Game Details
Stade Laval
AC Ajaccio
0
0
FT
Game Details
Go Ahead Eagles
Willem II Tilburg
1
0
FT
Game Details
Achilles '29
Fortuna Sittard
0
3
FT
Game Details
FC Den Bosch
Jong Ajax
2
0
FT
Game Details
Helmond Sport
NEC Nijmegen
1
4
FT
Game Details
Jong PSV
FC Eindhoven
1
3
FT
Game Details
RKC Waalwijk
Jong FC Twente
1
2
FT
Game Details
SC Stormvogels Telstar
Almere City
3
1
FT
Game Details
Sparta Rotterdam
FC Volendam
0
5
FT
Game Details
VVV Venlo
FC Emmen VV
1
4
FT
Game Details
Academica de Coimbra
Vitoria Setubal
1
1
LIVE 65'
Game Details
Ural Sverdlovsk Oblast
Terek Grozny
0
1
FT
Game Details
Balikesirspor
Akhisar Belediye
1
2
FT
Game Details
Caykur Rizespor
Genclerbirligi
1
1
FT
Game Details
KAA Gent
KV Kortrijk
6:30 PM GMT
Game Details
Helsingborg
Halmstad
1
4
FT
Game Details
Orebro SK
Brommapojkarna
3
1
FT
Game Details
Athlone Town FC
Cork
1
1
LIVE HT
Game Details
Bray
UCD
1
0
LIVE HT
Game Details
Derry City
St Patricks
0
0
LIVE HT
Game Details
Dundalk
Bohemians
1
2
LIVE HT
Game Details
Limerick FC
Drogheda Utd
0
0
LIVE HT
Game Details
Shamrock
Sligo
7:00 PM GMT
Game Details
Glenavon
Ballymena
1
0
LIVE HT
Game Details
Coleraine
Portadown
0
0
LIVE HT
Game Details
Sporting Kansas City
Houston Dynamo
12:00 AM GMT
Game Details
Queretaro
Monterrey
12:30 AM GMT
Game Details
Tijuana
U. de G.
2:30 AM GMT
Game Details
Aberystwyth
Bangor City
2
3
LIVE 80'
Game Details
Carmarthen
Port Talbot
2
1
FT
Game Details
Newi Cefn Druids
Connah's Quay
3
1
LIVE 90'
Game Details
Airbus UK
Newtown
3
0
LIVE 78'
Game Details
T.N.S.
Rhyl
6
1
LIVE 59'
Game Details
Unión de Santa Fe
Crucero del Norte
2
0
LIVE 51'
Game Details
Huracán
Patronato
11:30 PM GMT
Game Details
Instituto de Córdoba
Ferro Carril Oeste
12:00 AM GMT
Game Details
Independiente Rivadavia
Atlético Tucumán
12:00 AM GMT
Game Details
Temperley
Sp. Belgrano
12:00 AM GMT
Game Details
Gimnasia y Esgrima de Jujuy
San Martín de San Juan
12:30 AM GMT
Game Details
Atlante
At. San Luis
12:00 AM GMT
Game Details
Coras Tepic
Lobos BUAP
1:30 AM GMT
Game Details
Joinville
Oeste
11:30 PM GMT
Game Details
Sampaio Correa-MA
América Mineiro
11:30 PM GMT
Game Details
Santa Cruz FC
Goianiense
11:30 PM GMT
Game Details
Arica
Palestino
2:00 AM GMT
Game Details
12 de Octubre
Nacional
Postp
Game Details
Bidvest Wits
Moroka Swallows
3
0
FT
Game Details
Chippa United
Ajax Cape Town
1
1
FT
Game Details
Next

Sarahs: Salih Ucan poised to breakout

AS Roma about an hour ago
Read
Feb 25, 2013

Arsenal profits prompt transfer scrutiny

Arsenal Holdings PLC may have announced a £17.8 million pre-tax profit for the half-year to the end of November 2012, but their soaring wage bill and huge cash reserves will leave many irate supporters asking questions of manager Arsene Wenger and his board.

• Blog: Profits raise questions

Chairman Peter Hill-Wood claimed his chief desire was "to make Arsenal fans proud of their club" as they announced another glowing set of financial figures that confirms the club now boasts financial reserves of £123 million, although they now boast the fourth highest wage bill in the Premier League.

Only Manchester United and their neighbours City, along with European champions Chelsea, boast a bigger wage bill than Arsenal, with reports suggesting the Gunners now pay their faltering players a collective total in the region of £155million per year.

While the substantial profit puts Arsenal in a strong position, the Gunners have failed to make a significant difference on the pitch, with Nacho Monreal the only acquisition in the January window.

The impressive financial figures have been hailed by chairman Peter Hill-Wood as evidence that Arsenal's "ability to compete at the top of the game here and in Europe is underpinned by our financial performance". However, the timing of the announcement is in danger of inflaming the tensions simmering under the surface among Gunners fans.

After a week that saw Arsene Wenger's side crash out of the FA Cup at the hands of Blackburn and then suffering a Champions League humbling against Bayern Munich, supporters calling for the club to increase their investment in player recruitment are likely to be riled by these latest figures.

A club statement has confirmed that the £17.8 million pre-tax profit was "was driven primarily by player sales of £42.5 million". Yet the Gunners also invested £40.9 million in signing new players Lukas Podolski, Santi Cazorla and Olivier Giroud, and signed contract extensions with existing players, including Jack Wilshere and Theo Walcott.

Football turnover dropped from £113.5 million to £106 million as a result of four fewer home fixtures compared to the same period last year. However, overall operating profits from the club's property operation increased to £1.9 million, compared to £0.5 million in 2011.

The club has no short-term debt and continues to have a robust financial platform from cash reserves of £123.3 million, which is an increase from the £115.2 million figure posted in 2011.

The report also confirmed the extended partnership with Emirates, which will be worth up to £150 million. This comes in addition to deals with Airtel and Malta Guinness, as well as additional sponsorship linked to the pre-season tour.

Hill-Wood sought to fend off criticism from supporters who will claim the club are prioritising profits ahead of sporting ambition.

He said in a statement: "Our ability to compete at the top of the game here and in Europe is underpinned by our financial performance which gives the club strength and independence. Our desire is to make everyone connected with Arsenal proud of the club. We know that comes through winning trophies but also through the way we do things and that will remain our constant guide."

The robust financial health of Arsenal is a triumph for those charged with securing the club's financial stability. And Wenger hinted on Friday that the Gunners' solid base will now provide him with the chance to launch a more aggressive approach to his transfer dealings.

"I am not reluctant to spend and if we find tomorrow a player of top, top, top quality, we will take him," Wenger said, before claiming he would be willing to spend £40 million on one player if he felt it would enhance his team.

"First of all, we only had money recently (after the Emirates Stadium move). Secondly, in England there is a way of thinking that every problem is sorted out just by spending money but that's not always the case. If it was like that, the same teams would win the Champions League every year.

"I believe that the problem today is not the money, it's to find the talent that strengthens your team. We went out to spend money at Christmas but we didn't find the players."

Wenger's positive sentiments over the health of Arsenal's finances are backed up by these latest figures. However, continuing off-field success is unlikely to satisfy an increasing clutch of supporters who are losing patience with the team's annual failings on the field.

A spokesman from the Arsenal Supporters' Trust said of the numbers: "These figures contain few surprises. They show that Arsenal yet again made a profit from the sale of their best players and that the club has large cash reserves.

"Arsenal fans have contributed to this financial health through paying some of the highest ticket prices in world football. AST members want to see this money used for more, and better, investment in the team.

"The results also show the club does spend considerable money on wages, approximately £150m per annum. But the football decisions made on player investment, player selection and player wage levels are not delivering a more competitive team.

"The AST believes the club are financially well set to improve on the decline of the last few seasons. The remaining question is whether it has the boardroom leadership and football decision making expertise to make the money count.''

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.