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Finance & Accounting
Pages 8 (2008 words)
Arsenal Football Club Introduction Arsenal Football Club is one of the biggest specialized football clubs in the world and is situated in London. It is counted among top most renowned clubs in football. Previously, this club was known as ‘Dial Square’ and in the year 1891 the club was renamed as ‘Woolwich Arsenal’.
The annual revenue of the club was almost 379 million Euros in the year 2010. The company spends huge amount on stadium development and other community activities (London Business School, 2009). The paper will describe the financial performance of Arsenal Football Club through analyzing the historical record and conducting financial ratio assessment. The objective of this paper is to describe how Arsenal Football Club has performed financially in the football industry in comparison with other competitors and how it has managed the financial resources to generate revenue (Ward, 2007). Historical Record of Arsenal Football Club The financial performance of Arsenal Football Club was quite strong in the year 2010 and the club has also experienced significant drop of debt. From the historical viewpoint, the earnings of Arsenal Football Club have fluctuated. In the year 2001, the club had a profit of almost 24.3 million Pounds but in the subsequent year the club experienced loss of 20.5 million Pounds. The reason of loss in that financial year was rise in wages due to growth in the number of players (London Business School, 2009). Since initiation the club’s group turnover has progressed gradually. In the year 2005, the group turnover of Arsenal Football club was almost 138.4 million Pounds which had become more than double by 2010 to almost 379.9 million Pounds. ...
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