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Arsenal's books looking good as Celtic chief is tipped for top job at Emirates

PUBLISHED: 13:22 17 September 2008 | UPDATED: 15:23 07 September 2010

Arsenal will announce their latest set of financial results tomorrow. Last year the Gunners revealed their move to Emirates had lead to a 46 per cent increase in turnover to more than £200 million, moving the club just behind Real Madrid in the football f

Arsenal will announce their latest set of financial results tomorrow.

Last year the Gunners revealed their move to Emirates had lead to a 46 per cent increase in turnover to more than £200 million, moving the club just behind Real Madrid in the football finance league.

Profits in that first season at the new stadium almost more than trebled, to just over £51m.

With Arsenal home games continuing to sell out every week, revenue through the turnstiles, and in the burgeoning corporate areas in the new arena, should point to another healthy set of results.

Last night's trip to Dynamo Kiev also kicked off their 11th successive Champions League campaign, another key revenue stream.

The club are also reportedly expected to reveal significant appointments at boardroom level, with Glasgow Celtic chief executive Peter Lawwell believed to be the frontrunner to move into the same position at Emirates vacated by Keith Edelman in May.

The SPL champions, however, continue to deny he is leaving Celtic Park after joining in 2003.

American billionaire Stan Kroenke, who owns a 12.38 per cent stake in the club, could also be set to join the board as a director as the Gunners hierarchy attempt to stave off Russian businessman Alisher Usmanov's takeover plans. Usmanov currently owns 24.9 per cent.

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