Premier League leader Arsenal said its fiscal-year profit declined after the north London soccer club earned less from selling players and wage costs rose.
Arsenal Chief Executive Officer Ivan Gazidis said owner Stan Kroenke won’t panic after the London soccer club’s worst start in 58 years. He said coach Arsene Wenger’s job isn’t at risk.
Arsenal will make a move for Manchester United’s Wayne Rooney with their chances of signing Liverpool’s Luis Suarez fading, the Mirror said.
Arsenal has “a substantial amount of money” to spend on new players during the current trade period, said Ivan Gazidis, the Premier League soccer club’s chief executive officer.
Arsenal is two years away from competing financially with major soccer clubs as the London team signs more valuable sponsorship contracts and the sport’s European governing body starts to enforce financial rules, its chief executive officer said.
Arsenal manager Arsene Wenger said he’s opened talks over a new contract with the English Premier League soccer club.
Arsenal Holdings Plc said a decline in property income and player sales resulted in a loss for the first half of the fiscal year at the 13-time English soccer champion.
Arsenal Holdings Plc’s fiscal-year profit increased 73 percent to a record 61 million pounds ($96 million) as the English soccer club sold apartments on the site of its former stadium.
Arsenal signed a 150 million-pound ($239 million) agreement with Emirates to extend the Gulf airline’s sponsorship of the Premier League soccer club’s shirts and stadium.
The following is a roundup of soccer stories from U.K. newspapers, with clickable Internet links.
"We are not yet fully where we want the club to be, but everyone is looking forward to the challenges ahead and competing for and winning trophies."
- Ivan Gazidis on Sep 23, 2013