Arsenal reveal record €40m profit

ARSENE WENGER maintains it is part of a manager’s job to ensure the financial stability of their club.

Arsenal’s parent holding company yesterday revealed an increase in turnover to €340m and a record profit after tax of €40m from results for the year ending May 31.

However, with the cost of the €434m move to Emirates Stadium from Highbury continuing to tie up the long-term financial commitments, there have been suggestions Wenger does not have the cash with which to strengthen his squad should he wish.