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Arsenal reveal £200m cash reserves
Arsenal have almost £200m in the bank after making an increased profit of £25m last year, the Premier League club's latest accounts have revealed. The figures, covering the year ending 31 May 2015, show the Gunners spent a record £114m on new players. But they have been criticised by some fans for only making one signing - keeper Petr Cech - over the summer. 'We're focused on delivering more success,' said Arsenal chief executive Ivan Gazidis. The cash reserves of £193.1m are intended to cover costs for a full season and are not solely designated for player transfers. However, the Arsenal Independent Supporters' Association insists the strong financial figures must be matched by...
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