Featured Matches
Previous
Manchester City
Liverpool
11:00 PM GMT
Game Details
Vitesse Arnhem
Chelsea
1
3
FT
Game Details
AEL
Zenit St Petersburg
1
0
FT
Leg 1
Game Details
Dnipro Dnipropetrovsk
FC Copenhagen
0
0
FT
Leg 1
Game Details
Grasshoppers
Lille
0
2
FT
Leg 1
Game Details
Feyenoord Rotterdam
Besiktas
1
2
FT
Leg 1
Game Details
Legia Warsaw
Celtic
4
1
FT
Leg 1
Game Details
Aktobe Lento
Steaua Bucuresti
2
2
FT
Leg 1
Game Details
FK Qarabag
SV Salzburg
2
1
FT
Leg 1
Game Details
AEL
Zenit St Petersburg
1
0
FT
Leg 1
Game Details
Dnipro Dnipropetrovsk
FC Copenhagen
0
0
FT
Leg 1
Game Details
HJK Helsinki
Apoel Nicosia
2
2
FT
Leg 1
Game Details
Grasshoppers
Lille
0
2
FT
Leg 1
Game Details
Feyenoord Rotterdam
Besiktas
1
2
FT
Leg 1
Game Details
Ludogorets Razgrad
Partizan Belgrade
0
0
FT
Leg 1
Game Details
Standard Liege
Panathinaikos
0
0
FT
Leg 1
Game Details
AaB
Dinamo Zagreb
0
1
FT
Leg 1
Game Details
NK Maribor
Maccabi Tel-Aviv
1
0
FT
Leg 1
Game Details
Legia Warsaw
Celtic
4
1
FT
Leg 1
Game Details
Vitesse Arnhem
Chelsea
1
3
FT
Game Details
Chesterfield
Aston Villa
3
1
FT
Game Details
Hartlepool United
Middlesbrough
0
2
FT
Game Details
Walsall
Leicester City
2
3
FT
Game Details
York City
Nottingham Forest
1
2
FT
Game Details
Bury
Blackburn Rovers
1
1
FT
Game Details
Chester City
Tranmere Rovers
1
1
FT
Game Details
Peterborough United
Charlton Athletic
0
0
FT
Game Details
Plymouth Argyle
Yeovil Town
1
2
FT
Game Details
Port Vale
Bolton Wanderers
1
2
FT
Game Details
Sheffield Wednesday
Newcastle United
0
1
FT
Game Details
Southend United
Queens Park Rangers
0
0
FT
Game Details
St Neots Town
Luton XI
0
0
FT
Game Details
DC United
Toronto FC
11:00 PM GMT
Game Details
New England
Colorado
11:30 PM GMT
Game Details
Chicago
Vancouver Whitecaps
12:30 AM GMT
Game Details
Real Salt Lake
New York Red Bulls
ESPN2 1:00 AM GMT
Game Details
Bolívar
San Lorenzo
12:15 AM GMT
Leg 2. Aggregate: 0 - 5
Game Details
At. San Luis
Santos
12:00 AM GMT
Game Details
Mérida
Toluca
12:00 AM GMT
Game Details
Morelia
Necaxa
12:00 AM GMT
Game Details
Veracruz
Oaxaca
12:00 AM GMT
Game Details
Atlas
Dorados de Sinaloa
2:00 AM GMT
Game Details
Celaya
Puebla
2:00 AM GMT
Game Details
UNAM
Atlante
2:00 AM GMT
Game Details
Novo Hamburgo
ABC
10:30 PM GMT
Leg 2. Aggregate: 0 - 1
Game Details
CR Vasco da Gama
AA Ponte Preta
1:00 AM GMT
Leg 2. Aggregate: 2 - 0
Game Details
Bragantino
São Paulo
1:00 AM GMT
Leg 1
Game Details
Internacional
Ceará
1:00 AM GMT
Leg 1
Game Details
Manchester City
Liverpool
11:00 PM GMT
Game Details
Los Caimanes
César Vallejo
1
0
FT
Game Details
UTC
Juan Aurich
8:45 PM GMT
Game Details
Universitario de Deportes
Real Garcilaso
1:00 AM GMT
Game Details
U. Católica
Mushuc Runa
0
1
FT
Game Details
Emelec
Deportivo Quito
12:00 AM GMT
Game Details
Independiente del Valle
Club Deportivo Cuenca
12:00 AM GMT
Game Details
Olmedo
El Nacional
12:00 AM GMT
Game Details
Liga de Loja
LDU Quito
12:30 AM GMT
Game Details
Manta F.C.
Barcelona
12:30 AM GMT
Game Details
Antigua
Municipal
9:30 PM GMT
Game Details
Washington Spirit
FC Kansas City
11:00 PM GMT
Game Details
Houston Dash
Seattle Reign FC
1:00 AM GMT
Game Details
Next
 Posted by ESPN Staff
Sep 24, 2007

Arsenal profits to provide £70m transfer warchest

Arsenal manager Arsene Wenger has been promised a mammoth £70million transfer kitty after Arsenal revealed themselves to be one of Europe's richest clubs.

Figures unveiled this morning show the Gunners' move to the Emirates Stadium has driven a near 50% increase in turnover to more than £200million for the year ending May 31, 2007.

That sum means they are only edged into second place in the continent's money league by Real Madrid.

But with operating profit of £51.2million, up an amazing 274%, the Premier League club now have a level of profitability far in excess of Real.

Match-day revenues of £3.1million per game at their new 60,000 home are double those generated at Highbury, and have seen the Gunners leapfrog main domestic rivals Manchester United and Chelsea - whose respective turnover for the same period was £167.8m and £152.8m.

The revelation of Arsenal's wealth is an ample response to those critics who questioned the effect the cost of relocation to Ashburton Grove would have on the club, and in particular Wenger's transfer funds.

But after reiterating that Wenger did not spend all his budget this summer, delighted managing director Keith Edelman claimed the Frenchman would now have previously unheard of sums available to reinforce his squad.

'I think we are in a very good position,' Edelman said. 'Clearly Arsene's performance and the team's performance on the pitch has been outstanding, obviously backed up by our very strong financial position.

'We gave Arsene a budget in the summer and he didn't even spend all of it on transfers and hopefully we'll be able to carry that forward into future years.'

He added: 'We have got plenty of financial firepower to makes the transfers Arsene wants to make.

'We had over £70million of cash at the end of the year and if Arsene wants to spend that money we will make it available.'

The results posted this morning have been achieved despite the lack of a mega-rich foreign owner, the source to which most rivals have turned to increase their clout.

With Red and White Holdings Limited, backed by Russian billionaire Alisher Usmanov, recently increasing their stake in the club to around 21%, rumours have abounded of a possible takeover bid.

But Edelman insists the results show there is no reason to change the way in which the club is run.

'We think it's very important as a board that the club develops revenues it generates itself and is not dependent on people putting money in every year, because that's not a very stable basis on which to run a club,' he told the Arsenal's website.

'We regard ourselves as custodians of the club and fans as well. It's important that the club does have a stable financial base.'

He added: 'If you look at the shareholders and the look at the board, we are all here because we love the club. Yes we want to run it well as a business, but only because we want to be a great club.

'That could be contrasted with what could be called financial owners, who come to purchase clubs to make money out of them and they don't have that affinity to be a rabid fan - to live, breathe and eat Arsenal Football Club.'

With the new Premier League TV deal yet to be reflected in their figures and the Gunners also set to launch their own TV channel in the new year, it seems everything is in place for the financial success to continue.

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.