Arsenal Reveal Increased Turnover, Cash Reserves in 2014-15 Financial Results

Arsenal have had some mixed results on the pitch over the past year but newly released figures show that the Gunners have continued to thrive from a financial perspective.

According to numbers revealed via Arsenal.com for the financial year that ended May 31, Arsenal made gains in essentially all areas, including profit, turnover and cash reserves.

Rob Harris of the Associated Press provided a look at the numbers, all of which were up in comparison to 2014:

Per Arsenal.com, club chairman Sir Chips Keswick is extremely pleased with the progress the Gunners have made economically:

"The club has had a successful year both on and off the pitch. We are in a robust position across all the key areas of our activities and we look forward with optimism and strong belief that we are on a positive trajectory."

Arsenal finished third in the Premier League last season, and they are currently fourth, just five points behind first-place Manchester City.

They are coming off a highly disappointing 2-1 loss to Dinamo Zagreb in the Champions League group stage on Wednesday, and things won't get much easier with matches against Olympiakos and Bayern Munich on the horizon.

While the Gunners are still trying to find their footing as an elite club globally, their healthy financial situation means they will have the funds needed to make further strides this year and beyond.

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