During the 2016 summer transfer window, Arsenal's signings included Granit Xhaka for £38.25m and Shkodran Mustafi for £34.85m, while forward Lucas Perez arrived in a £17m deal. There was an overall group profit before tax of £12.6m, compared to a loss of £6.2m for the same period in 2015. Arsenal have no short-term debt, with cash reserves of £100.5m, which is down from £135.9m a year ago.
However, it is understood some £65m of that is committed on outstanding transfer fees and payments, while there is also a balance designated solely for debt service reserves of £23.3m.
The Gunners also continue to pay off the financing of their 60,000-seater Emirates Stadium home via a long-term fixed-rate bond at a low interest rate, following their move from Highbury in 2006.
No comments:
Post a Comment
Contact Us
Email: publisher@absolutehearts.com
Phone/whatsapp: +2348027922363