ARSENAL have cashed in another profit despite the lack of Champions League football.
The Gunners recorded a financial gain of £25.1million which is a rise from £12.6m for the half year ending November 30, 2017.
But their profits are down to the sales of Alex Oxlade-Chamberlain, Kieran Gibbs, Wojciech Szczesny and Gabriel that topped £58.4m.
It does not include their transfer business in January where they splashed out £56m on striker Pierre-Emerick Aubameyang.
The total turnover from 2016 is down by £9.7m due to the club playing Europa League football.
Cash from property development is also up to £14.5m largely down to the sale of a site next to Holloway Road tube station.
More to follow…
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