Arsenal post big profits... [View all]

Arsenal, who lost £6.1 million over the same period in 2010, might have made only a small profit but for the controversial departures of Fabregas and Nasri last summer for a reported £54 million.

Arsenal enjoyed an overall profit on player trading of £46.1 million, having made a loss of £5.9 million the previous year.

They made £63 million overall in player sales, while there was an investment of £74.7 million in new arrivals and contract extensions, the cost of both being spread evenly over the length of an individual's deal. Arsenal's cash reserves also swelled to £115.2 million, up from £110.4 million, with their turnover from football rising to £113.5 million from £97.6 million.

Chairman Peter Hill-Wood told the club's official website: "We are proud of Arsenal's record and consistency over many seasons and have the foundations in place, at every level of the club, to ensure we remain a force in the seasons ahead.

http://soccernet.espn.go.com/news/story/_/id/1028118/arsenal-post-six-month-pre-tax-profits-of-L49.5m?campaign=rss&source=soccernet&cc=5901

Okay swell. Time to put some money back into the team this summer. I don't care that they kicked Spurs ass Sunday, it's been obvious for awhile the Gunners need a couple impact players. Arsenal is a big club, they should be challenging for the title every year, not fighting just to finish fourth..