MX23RW : Sunday, January 12 20:49:39| >> :60:2874:2874:

Arsenal accounts reveal £200m reserves

Arsenal reveal that they have nearly £200m of cash reserves after their accounts were released.

Arsenal have revealed that they have almost £200m in the bank.

The club's accounts were released on Friday, showing a £25m profit in the year ending May 31, 2015.

£114m was spent on new players, but Arsenal have since been criticised by fans after Petr Cech was their only signing this summer.

"We're focused on delivering more success," Arsenal chief executive Ivan Gazidis told BBC Sport.

"We continue to look to develop every aspect of our operations while remaining true to our principles around being self-funding, investing in youth, our style of play and our commitment to our fans and to our place in the community."

The financial reserves, which total £193m, are intended to cover costs and are not earmarked for future transfer deals.

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South African Chief Executive Ivan Gazidis looks on before the English Premier League football match between Queens Park Rangers and Arsenal at Loftus Road in London on May 4, 2013
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1Liverpool19144147192846
2Arsenal20117239182140
3Nottingham ForestNott'm Forest20124429191040
4Chelsea20106439241536
5Newcastle UnitedNewcastle20105534221235
6Manchester CityMan City2010463627934
7Bournemouth209653023733
8Aston Villa209563032-232
9Fulham207943027330
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12Tottenham HotspurSpurs20731042301224
13Manchester UnitedMan Utd206592328-523
14West Ham UnitedWest Ham206592439-1523
15Crystal Palace204972128-721
16Everton193881525-1017
17Wolverhampton WanderersWolves2044123145-1416
18Ipswich TownIpswich2037102035-1516
19Leicester CityLeicester2035122344-2114
20Southampton2013161244-326


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