Arsenal debt increases by 100m

20 september 2006, 11:15

The cost of Arsenal's move from Highbury to the Emirates Stadium has led to an increase of more than 100million in their overall net debt.

The Gunners' overall net debt has increased to 262.1million from 153.3million in 2005, according to figures released on Wednesday. Chairman Peter Hill-Wood has revealed the debt relating to the change of stadium has been restructured.

He said in a statement to official website arsenal.com: "As well as completing the new stadium we have also refinanced the related debt. The refinancing is strongly beneficial as it secures the group's financing arrangement, by extending the repayment term and reducing the annual debt service costs."

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