TVSpy LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Arsenal Has More Money Than You Do

Arsenal posted record profits to the tune of $88 million (£56m) before tax (or $96 million, depending on your source). Why does this matter?

Well, other than the fact that it’s a ton of money, it shows that English Premier League clubs can be profitable. During the last few months, American owners of Liverpool and Manchester United – two of the biggest teams in the world – have been lambasted (for good reason) because the debt they took on to purchase the teams is overwhelming their books. (More detail here and a great story about Liverpool fans stalking the owner here.)

Arsenal, on the other hand, is putting a fine product on the field – the Gunners currently sit tied for second in the EPL – and are filling the coffers. You know, like the Pittsburgh Pirates, except good.

Mediabistro Course

Online Production for Writers and Editors

Online Production for Writers and EditorsStarting July 17, learn how to create multi-dimensional content for your digital mediums! Taught by a multiplatform journalist, Darragh Worland will teach you how to create content that is multi-dimensional and editorially relevant, use the web to its full potential, create stories that have social media campaigns built in and increase your value as as an employee. Register now!