Mesut Ozil signing 'shows financial clout' of Arsenal as rise in turnover is announced
Signing of Germany international labelled a 'significant step'
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Arsenal have reported a rise in turnover and say their new commercial muscle was a significant factor in the signing of Mesut Ozil for a club record £42.5m.
Despite reduced profits, due to a drop in income from player sales and an increase in wages, overall turnover rose to £242.8m in the year ending 31 May 2013 from £235.3m the previous year. Commercial and retail revenue rose 20 per cent to £62m.
That may still be dwarfed by Manchester United’s record commercial income of £153m, but chief executive, Ivan Gazidis, said: “The signing of Ozil for a club record fee is a significant step for us.”
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments