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Arsenal’s move from Highbury to the Emirates Stadium has seen their overall debt increase by more than £100 million.
The club’s overall net debt has increased to £262.1 million from £153.3 million, according to figures released Wednesday.
Chairman Peter Hill-Wood said the debt relating to the change of stadium has been restructured.
“As well as completing the new stadium we have also refinanced the related debt,” he said in a statement to the club’s official website.
“The refinancing is strongly beneficial as it secures the group’s financing arrangement for the long term and, by extending the repayment term and reducing the annual debt service costs, frees up significantly more of the group’s future cash-flow for investment in the development of the team.”
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