Arsenal announce increased profits of £24.7m and a cash reserve of £193.1 for year to May 2015

The Premier League club's parent company posted a profit of £24.7m and a cash reserve of £193.1, with total turnover increased from £301.9m in 2014 to £344.5m for the year to May 2015. The increase in profit before tax from £4.7m was helped by both a strong growth in commercial activity, including a lucrative new kit deal with Puma, as well as player sales of £28.9m and property