Arsenal announce pre-tax profit despite record spends on playing staff

Impressive

Arsenal have announced a pre-tax profit of £12.6million having even spent a record amount on several players in the first team squad.

The club made signings such as Granit Xhaka, Shkodran Mustafi, Rob Holding and Lucas Perez which cost a combined total of £86m.

Arsenal are also still continuing to pay off the fee for Alexis Sanchez which took up a good chunk of their money.

Even with the impressive data, this shows the importance of the Premier League’s new broadcasting deal to clubs.

5 per cent of the Gunners’ football revenue came from broadcasting which shows the reliance of the new deal for all clubs in the top flight.

Bad news for ‘Wenger out’ brigade

Arsenal’s most recently linked managerial target Massimiliano Allegri has distanced himself from talk of him taking over at Arsenal.

The manager was said to be on the Gunners radar and the Italian recent had a bust-up with defender Leonardo Bonucci.

Now, Allegri has distanced himself from rumours by explaining he is happy in Turin.