Arsenal reveal cash reserves of £138million despite record £94million summer spend on players

Arsenal have again returned robust financial results in their latest published figures, with turnover increased to £148.5million, cash reserves up to £138.8m and an overall profit before tax of £11.1m.

The previous 12 months included the high-profile arrival of Chile forward Alexis Sanchez (£30m), as well as Danny Welbeck (£16m), Calum Chambers (£16m) and Mathieu Debuchy (£12m) among a number of additions to the squad in the close season.

Despite a flurry of activity in the transfer window, however, financial results for the six months ending 30th November, published on Friday, show turnover from football rose to from £135.9 million to £148.5 million last year, while cash reserves also improved by £18.2 million to £138.8 million.

Arsenal chairman Chips Keswick said in a statement: “Our commitment to investment in the squad was evidenced by a record level of expenditure on players joining the club.

"Crucially, this investment remains at a level which is consistent with our principle of affordability and which is financially sustainable in accordance with the applicable regulatory regimes."

Arsenal, a beacon of financial sobriety in the Premier League, said the rise in turnover was accompanied by "strong growth in commercial activity driven by the new kit partnership with Puma".