Arsenal have announced pre-tax profits of £4.7 million (€6 million) for the past financial year, while also revealing that they have cash reserves of £173 million (€219.8 milliom).

The Gunners profit was down just over £2 million from the previous year, while their total revenue topped the £300 million mark for the first time in the club's history.

The club signed a lucrative sponsorship deal with Puma worth £30 million per year in January.