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.

Chairman Peter Hill-Wood was, in his report to shareholders, quick to highlight the board’s determination to help Wenger secure continued success on the field and a first trophy since 2005.

Wenger, though, insists keeping his employers on an even financial keel must remain high on the agenda.

“I am encouraged by the fact that the financial results are good because I try on my side to contribute to that as well,” said Wenger. “You want to work in a company that is in a healthy financial situation. I am quite proud that I work in a company that is in a strong financial situation.”

Wenger continued: “I have always worked in clubs who make money, and I would not feel that I do my job well if we lost money at the end of the season – never, no matter what happens on the sporting side – because you put the club in trouble and, in my opinion, that cannot be accepted from any manager.”

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