Arsenal FC: turnover up 28% for the six months June to November 2013, to €165.75m

Turnover for Arsenal (Premier League) for the six months from June to November 2013 was €165.75m (£136m). This represents an increase of 28% compared to the same period in 2012 (€129.3m or £106.1m) announced the club on 14/02/2014.

The matchday revenues increased to €54.8m (£45m) from €46m in 2012. This 19.1% increase is mainly due to the organisation of the Emirates Cup in August 2013, as well as the club's participation in a playoff round of the Champions League (3-0, 2-0 against Fenerbahçe).

TV rights also increased from €48.8m (£40.1m) in the first half of 2012-13 to €63.3m (£52m) in the first half of 2013-14, an increase of 29.7%, due to new contracts between the Premier League and Sky channel's BT Sport.

Commercial revenue increased from €33.7m (£27.7m) in 2012-13 to €46.7m (£38.4m) between June and November 2013. The club explained the 38.5% increase by the extension of the contract with Emirates airline. The new contract also includes stadium naming rights, worth an estimated €37m per year until the 2019 season.

The group grew its financial reserves of €121.8m to €146.7m…