ARSENAL revealed they have £226.5million in the bank.
The Gunners released their figures for the financial year and it showed the club have more money than Barcelona, Real Madrid and Bayern Munich combined.
Arsenal director Sir Chips Keswick said: “Our cash reserves at the end of the year stood at £226.5m and this figure will doubtless attract the usual speculation from fans and commentators.
“That being the case, it is my duty to point out that after excluding debt service reserves and amounts owed to other clubs on past transfers the balance reduces to £149m.
“This figure is in itself inflated, due to the seasonality of our cash flows, by advance sponsorship and season ticket receipts for the new season.
“Against the underlying balance of available funds we have, as mentioned above, invested strongly in player acquisitions during the summer at a total transfer in cost of more than £90m with additional significant commitments to player wages, agent’s fees and performance related contingencies on top of that.
“Whilst we have spent strongly we have not over stretched.
“It would have been bad business practice not to have retained some small degree of flexibility to allow us to invest again in the right player and/or to maintain the current squad as and where we want to offer improved and extended contracts for key players.
“We make our investments on a prudent and reasoned basis which is something the Club does well and which is even more important in a competitively inflated marketplace.
“This approach has served us well and it will continue.”
Arsenal Holdings plc showed an drop in profit before tax from £18.2m to £2.9m but their turnover from football increased from £329.3m to £350.6m.
The wage bill at the Emirates rose to £194.4m while Arsenal’s “cash balances” were slightly down at £191.1m.
Ivan Gazidis said in his chief executive report accompanying the results: “We are in a strong position to continue moving forward at every level of the club.
“On the pitch we have an outstanding squad. Off the pitch we have developed our infrastructure across all aspects of our operations to ensure we have the right assets and skills to progress.
“I am confident this progress, coupled with strong underlying values, will bring the success we all seek.
“Our ultimate ambition is clear: to win major trophies and make Arsenal fans at home and around the world proud of this great club. Proud of our values, proud of the way we act and proud of our team.”