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Arsenal confident of meeting UEFA Financial Fair Play rules

Chief executive Ivan Gazidis is confident that the north London club will enhance its standing in international commercial markets and flourish under new European football finance regimes.

Twelve months ago the club announced record pre-tax profits of £56m, although that figure may not be matched this year. However, importantly, earlier this year Arsenal's interim financial results showed footballing operating profits of £9.3m.

Gazidis believes Arsenal's prudence has left the club well placed to meet the Uefa's FFP break-even rules.

"We are standing on our own two feet," he said.

"Everything that we have achieved.... has been created by the club itself. It has been done through discipline over time.

"We can plan for a future that sees Arsenal at the top of the game in five, 10, 20 years from now.

"The message of responsibility and continuity is very important for the broader game."

He said the club was a role model for others when it came to "financial self-sustainability", and was part of a "solution" not part of the "problem" when it came to addressing football clubs' high spending levels.

Arsenal may have suffered their worst playing start to a football season for 58 years, but off the field the club must be thankful of the approach taken by Arsen Wenger on the playing staff as over the years he has been instrumental in help fund the new stadium.

This season may have started badly, with an 8-2 hammering at Manchester United being the lowest point and although there has also been disgruntlement Arsenal fans, Wenger is one of the few managers to win the Premier League.

During the recent player transfer window, Arsenal sold Cesc Fabregas to Barcelona and brought in Andre Santos, Per Mertesacker, Mikel Arteta and Yossi Benayoun to join the current young crop of players at the club adding about £10m + to the coffers.

However Arsenal's main sponsorship deals, with Nike and Emirates, are up for renewal in 2014 and provided the current blip is addressed the brand can recover.

George Moss

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