The Gunners wants to prove themselves to be the most stable club by cutting their debt by about 40 per cent to 203.6 million pounds ($311. 6 million). With this cut they have maintained their reputation as one of the most stable clubs in the Premier League.

The sale of their 261 apartments they made a profit of 35.2 million pounds ($53.8 million) for the six months ending Nov. 30. The apartments were in the Highbury Square property development which is on the site of the clubs former stadium.

The club has cut its debt from 332.8 million pounds ($537.5 million) the previous May.

Now they have sold 524 of the 655 Highbury Square apartments. Peter Hill-Wood, non-executive chairman said, “the next couple of years will see our property activities delivering surplus cash.”

He also added that these can be invested in new players.