Arsenal have announced pre-tax profits of £12.6m despite spending a record amount on players. The latest accounts released by the club for the six-month period ending 30 November 2016 show 45 per cent of Arsenal's football revenue coming from broadcasting, highlighting the impact of the Premier League's new £8bn TV deal. Turnover increased from £158m to £191.1m in comparison to the corresponding half-year in 2015 and enabled the north London club to turn loss into profit despite significant...
Source: 90min.com