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Swiss gamble as Elneny purchase barely dents cash reserves
Firstly, we know Mohamed Elneny is not Swiss, but he was bought from a Swiss club, and that allows us to segue beautifully into another wonderful deconstruction of the Arsenal finances from the brilliant Swiss Ramble. Arsenal released financial results for the 6 months ending November 30th last week, and it showed that things are very healthy with significant cash reserves. Some key points from the Swiss Ramble analysis, which you can read here, are below: The current cash balance of £159m should increase to £225-250m by the time the annual accounts are presented in May. Arsenal have more cash than any other club in world football. At the end of the 2013/14 season, they actually held 40%...
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-10y from News.ArseBlog.com
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