Arsenal turnover soars

Arsenal Football Club have announced an 11.1 per cent rise in full-year turnover to £223 million.

For the year ending March 31st the club felt a £24.1 million boost to television revenue, while match-day income stood at £94.6 million.

The Gunners' wages rose to £101.3 million while net debt jumped to £318.1 million.

Non-executive club chairman Peter Hill-Wood said he was unconcerned by the rise in debt.

Speaking to the club's official website he attributed the soaring revenue to the club's new home at the Emirates Stadium, which they moved to in 2006.

"This club is ambitious for success and I believe that the strong financial position which the group has established, as confirmed by the results for the year, provides the best possible platform from which to deliver that success for the long-term," Mr Hill-Wood said.

"We are committed to operating the club as a business which is financially self-sustaining and over the last two seasons Emirates Stadium has taken our football revenues to a new level, but we cannot be complacent.

"Accordingly, we recognise the need to further develop the business commercially on a worldwide basis."