Arsenal target trophies with £191m cash in the bank

It shows they are on course to deliver more major trophies to the Emirates, says Ivan Gazidis.

Arsenal chief executive Ivan Gazidis believes the club's latest set of robust financial results, which include cash reserves of some £191million, show they are on course to deliver more major trophies to the Emirates Stadium.

Although the Premier League club's latest figures from Arsenal Holdings plc show a drop in overall group profit before tax from £18.2m to £2.9m, there has been a significant increase in turnover from football, up to £350.6m from £329.3m over the same period in 2015.