By Claire West
Arsenal have announced their half year results and overall expect their financial results to be fully compliant with all of the requirements of both the Premier League and UEFA financial regulatory regimes.
Commenting on the results for the six months, the Club's Chairman, Sir Chips Keswick, said:
"When I was appointed Chairman last summer, there was good reason to believe that the hard work which has been put in, by many people across the Club, over recent years had created the momentum for a successful season in every aspect of our activities. Thus far that optimism has been well founded. We believe we are in a strong position to take the Club forward both in the short term and beyond and to deliver future on-field success."
The financial results for the six months ended 30 November 2013 show strong growth in revenue across all of the Club's principal areas of activity. This is partly a consequence of new contractual arrangements coming on line and partly a reflection of the team's on field performance.
Overall turnover from football was £135.9 million, which is 28% higher than the £106.1 million reported for the comparative period last year.