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Struggling Arsenal announce £25m pre-tax profit
Arsenal have announced a pre-tax profit of £25.1million in their latest financial results. For the six months to the end of November 2017, Arsenal's profits climbed from £12.6m, with the Premier League club's cash reserves standing at £137.6m. After tax, profits stood at £20.4m - up from £10.3m - for the six-month period. The rise in profits came despite Arsenal's football turnover falling to £167.7m from £191.1m due to last season's failure to qualify for the Champions League. Arsenal's financial results do not take into account the January club-record signing of Pierre-Emerick Aubameyang, but they do include the arrival of Alexandre Lacazette from Lyon. Arsene Wenger's men are...
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