Robbo
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Registered: 6th Aug 02
Location: London
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Arsenal Holdings plc - Results for the six months ended 30 November 2010
- Operating profit (before depreciation and player trading) of £12.6m (2009 - £29.3m) with, as expected, a reduction in the contribution from property.
- Sale of 50 apartments at Highbury Square generated revenue of £22.5m (2009 - 261 apartments sales generated £96.6m) and an operating profit from property of £3.3m (2009 - £11.3m) reflecting the lower number of apartments now left for sale.
- Property business continues to be debt free with all sales contributing to Group's cash position of £110.4m (2009 - £101.0m).
- Further significant commitment to a determined policy of investing in the team with the re-signing of several key first team players and Arsène Wenger as the Club's Manager.
-Football operating profits (before depreciation and player trading) of £9.3 million (2009 - £18.0m) reflect this increased investment in football wages and also timing differences in the number of home games played (2010 - 10 home matches in first half of 28 matches, so far confirmed, for full year / 2009 - 12 of 27).
-Significantly reduced profit on player sales of £4.0m compared to £33.9m for the prior year.
-Changes in property and player trading, which are essentially one-offs, impact overall result for the period - loss after tax of £2.5m (2009 - profit of £29.2m).
Commenting on the interim results, Peter Hill-Wood, non-executive chairman, said:
"This is a robust performance in the current climate and is where we expected to be at this stage of the financial year and at this stage in our longer term development plans for the growth of the Club.
The Club is exactly where we want to be, competing for trophies across the closing months of the season. I know that Arsène Wenger and his players will remain focused and will be appreciative of the fantastic support they get from our fans around the world.
I also want you to know that we are proud of the fact we continue to compete at the highest level while staying true to our principles. We continue to operate as a self-funding Club. This brings its own challenges in an increasingly competitive environment but provides the platform for a secure and positive long term future."
Very impressive reuslts IMO given the properties are almost all gone now, we've not had any major player sales and we've had less home games 
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Ben J
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Registered: 31st Jan 05
Location: Cheshire
User status: Offline
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Awaits the haters/baiters/wankers
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Robbo
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Registered: 6th Aug 02
Location: London
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No trophies AND no profits 
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mwg
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Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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In English?
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Robbo
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Registered: 6th Aug 02
Location: London
User status: Offline
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quote:
Originally posted by Robbo
No trophies AND no profits
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Ben G
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Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote:
Originally posted by mwg
In English?
arsenal made a loss of £2.5million.
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Robbo
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Registered: 6th Aug 02
Location: London
User status: Offline
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No major player sales
Less home games than last year in the first 6 months
Property business pretty much done
Done an amazing job to come out with a minor loss, very very sustainable. impressive indeed
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Nath
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Registered: 3rd Apr 02
Location: MK
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RIP Arsenal
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Ryan
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Registered: 23rd Jun 08
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Wilshere is still a cunt.
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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When Arsenal have finished paying for that stadium they will probably one of the most profitable clubs in the world.
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Nismo
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Registered: 12th Sep 02
User status: Offline
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yes very impressive, just what the fans love 
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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quote:
Originally posted by Nismo
yes very impressive, just what the fans love
Didn't say it was what the fans love 
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MJFF88
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Registered: 30th Apr 08
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quote:
Originally posted by Tom
When Arsenal have finished paying for that stadium they will probably one of the most profitable clubs in the world.
Wenger will of gone by then & I feel things will differ slightly as he has to take most, if not all of the credit for doing what hes done. A new manager will come on & not be used to managing the club like AW has unless the board are properly focused on getting the same kind of person in. I like the fact Arsenal do so well in this respect, despite strongly disliking them as a club.
Edit: I've no idea when the stadium will be paid off but I assume relatively soon, next few seasons? Wenger has a lot of time to give yet, mind.
[Edited on 28-02-2011 by MJFF88]
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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quote:
Originally posted by MJFF88
quote:
Originally posted by Tom
When Arsenal have finished paying for that stadium they will probably one of the most profitable clubs in the world.
Wenger will of gone by then & I feel things will differ slightly as he has to take most, if not all of the credit for doing what hes done. A new manager will come on & not be used to managing the club like AW has unless the board are properly focused on getting the same kind of person in. I like the fact Arsenal do so well in this respect, despite strongly disliking them as a club.
I tend to agree, AW's philosophy seems 'right' but I doubt it's shared by many top coaches around the world. I think the Arsenal board will (when AW retires) do their best to replace him as you say with someone very similar rather than undoing all of his hard work.
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JonnyJ
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Registered: 23rd Sep 05
Location: Scotchland
User status: Offline
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quote:
Originally posted by MJFF88
I like the fact Arsenal do so well in this respect, despite strongly disliking them as a club.
Pretty much my exact views. I like the way they go about things and its a model all football clubs should follow.
Its a shame 90% of their fans ive met are cunts who embody everything i hate about football today
[Edited on 28-02-2011 by JonnyJ]
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Jamie Walby
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Registered: 15th Nov 04
User status: Offline
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quote:
Originally posted by JonnyJ
quote:
Originally posted by MJFF88
I like the fact Arsenal do so well in this respect, despite strongly disliking them as a club.
Pretty much my exact views. I like the way they go about things and its a model all football clubs should follow.
Its a shame 90% of their fans ive met are cunts who embody everything i hate about football today
[Edited on 28-02-2011 by JonnyJ]
Im hoping I am in that 10%
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JonnyJ
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Registered: 23rd Sep 05
Location: Scotchland
User status: Offline
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You are indeed Walby, you seem a nice chap.
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Marc
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Registered: 11th Aug 02
Location: York
User status: Offline
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Well atleast there will be 2 nice stadiums in the Championship soon.
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