Arsenal fans will have to wait a little longer to get the full picture of the club’s finances up to the end of the 2018/19 season.
As , the club appeared to fall to a financial loss last season after rising costs, lower costs and a failure to replicate extraordinary profits on player sales took their toll on the club’s finances.
This had been expected, with Arsenal spending yet another season outside of the Champions League, not trimming costs and declaring only a meagre £12.2million profits on outgoing players - compared to more than £120million in 2017/18.
However, these figures only give a glimmer into Arsenal’s financial health.
Accounts showing a £23.5million pre-tax loss were published to Companies House by Arsenal Football Club Public Limited Company.
This is, however, only a subsidiary of the overall parent, Arsenal Holdings Limited, which is itself owned by Stan Kroenke’s KSE UK business.
Arsenal Holdings Limited, the group that owns all Arsenal companies, including Arsenal Football Club Public Limited Company, are yet to publish their financial results.
Kroenke in October last year acquired the balance of shares not previously owned by the American in Arsenal Holdings Limited and subsequently took it private.
Details of Arsenal’s debt pile - vastly important after Kroenke used loans in part to fund his acquisition of Arsenal shares - and a cash flow statement, showing how much Arsenal invested in the first-team squad in cash terms and how much they received, will not be known until Arsenal Holdings Limited publish their financials.
The cash flow statement will also reveal if a divided to shareholders was paid by Arsenal Holdings Limited. None was paid by Arsenal Football Club Public Limited Company in 2018/19.
Under Companies House legislature, registered companies must publish their results within nine months of the end of the financial year.
For Arsenal Holdings Limited, this means results will not be seen until 29 February 2020 at the latest - nine months after the 31 May 2019 financial year close.
