Arsenal post impressive financial figures

Arsenal have announced record pre-tax profits of £56 million and that they have paid off all the debt on their Highbury Square development.

The figures for the year ending May 31, 2010 show pre-tax group profits rose by £10.5 million compared to the previous year.

Arsenal chief executive Ivan Gazidis said: "The group has made good progress in the last year and I am excited by the opportunities we have in front of us."