Arsenal financial figures show 123m in the bank after 17m six-month profit

Arsenal fans up in arms about unspent 123m cashpot while rivals leave them in the dust

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Protests: Arsenal fans have grown frustrated with a lack of spending compared with high ticket prices

Protests: Arsenal fans have grown frustrated with a lack of spending compared with high ticket prices

The Arsenal Supporters' Trust (AST) said
the figures highlighted the need for the club to spend more money on
team strengthening.

An AST spokesman said: 'These figures
contain few surprises. They show that Arsenal yet again made a profit
from the sale of their best players and that the club has large cash
reserves.

'Arsenal fans have contributed to this financial health through paying some of the highest ticket prices in world football. A further improvement in the club's financial strength is expected when new TV monies and commercial deals come on stream in 2013 and 2014. AST members want to see this money used for more, and better, investment in the team'

'The results also show the club does spend considerable money on wages, approximately 150m per annum. But the football decisions made on player investment, player selection and player wage levels are not delivering a more competitive team.

'The AST believes the club are financially well set to improve on the decline of the last few seasons. The remaining question is whether it has the boardroom leadership and football decision making expertise to make the money count.'