Arsenal's cash reserves dropped to just over £100m after a record outlay on transfers. Arsenal's football revenues increased by more than 20 percent, rising to £191.1 million in the most recent six-month fiscal period, but cash reserves dropped to just over £100m after a record outlay on transfers. The club presented their financial results for the six months ending Nov. 30, 2016, on Friday and said increasing revenues from Premier League broadcasting rights had helped them make an overall profit. Arsenal made a pre-tax profit of £12.6m for the period, compared to a loss of £6.2m the previous year. "The main reason for this improvement is the start of the...
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