ARSENAL HAVE MADE 56 MILLION POUNDS PRETAX.

Arsenal have once again made a huge profit for the year 2010, the amount is 56 million pounds before taxation. this is at a time when clubs are in debt , and Chelsea are cutting players to balance their books as the new rules come in 2013, clubs that are in debt can not champion league and others championships.The club has cleared all its debts on the High bury Square Properties. Arsenal have built flats at the stadium ground.In one year they have built 362 apartments at Higbury and at a site nearby. Sale has gone up 10.5 million pounds for the year 2010 .At both Highbury and at a second site near by. This has allowed the club to replay the bank loan.The debt fell from297 million pounds to135.6 million pounds. The over all growth grew from313 million pounds to 379.9 million pounds. Players sales operating 62.7 million pounds operating profit before depreciation was 56.8 million pounds down from 62.7 million pounds. Mainly from the sale of Emmanuel Adebayour and Kolo Toure.

Wenger has been given a transfer kitty of 40 million pounds to spend in the January transfer.