Arsenal have reported profits of £11m for 2014 despite forking out more than £90m on new players.
Alexis Sanchez, Mathieu Debuchy, David Ospina, Calum Chambers and Danny Welbeck all arrived last summer as Arsene Wenger splashed the cash in a bid to build on last year’s FA Cup success.
Gabriel Paulista and Krystian Bielik followed in January as Wenger plugged the gaps in his side.
Despite a transfer outlay of £93.7m, the club still made a pre-tax profit of £11.1m.
The club today revealed figures for the six-month period up to November 2014, which highlighted a £12.6m increase in turnover to £148.5m.
Arsenal also have cash reserves of £138.8m, along with a sum of money ring-fenced in case the club fail to qualify for the Champions League.
Arsenal chairman Sir Chips Keswick said in a statement: “The recent acquisition of defender Gabriel from Villarreal will take our total transfer expenditure for the year to well in excess of £100 million.
“This substantial investment has inevitably led to increased amortisation and wage costs in our profit and loss account but, crucially, this remains at a level which is consistent with our principle of affordability and which is financially sustainable in accordance with the requirements of the applicable regulatory regimes.
“On the field, the team has produced some strong results and the squad is looking fit and better balanced.
“However, we need to find our best form on a more consistent basis as we approach, what I hope will be, an exciting end to the season.”
