Arsenal reveal record profit

Arsenal showed an increase in turnover and a record profit after tax of £35.2m (€38.2m) from results for the year ending May 31, which were released this morning.

The turnover of the Gunners’ parent holding company, which also has substantial property interests at the Highbury Square development, went up to £313.3m (€340m) from £223m (€242m) for the same period last year.