Arsenal have made a pretax profit for the sis months ending in november 2009. There was a clear profit of 10 illion pounds, compared to the year 2008. and at the very same time Arsenal debt also shrank from 332.8 million pounds to a total of 203.6 million pounds only.
We must give full credit to Arsenal staff for acheiving this. As we must remember a big recession was also going on. And other clubs like Manchester United and Liverpool have a joint debt of 3.billion pounds. And 47 clubs in U.E.F.A were in debt. While Chelsea owner cleaned their huge debt with a equity fund.
I wish more clubs did what Wenger does . That is sell players and then buy only.And no big mad spending. Porthsmouth are into a adminstrattion as well.
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