In last season's figures, before Ashburton Grove had the go-ahead, Arsenal's bank loans were less than a third of the figure in the latest results at £39m.
But the club's business, providing the stadium generates the return they expect once it is open in two years, is looking good on last season's figures. Pre-tax profits more than doubled from £4.5m to £10.6m and turnover was up by a third at £156.9m.
Non-executive chairman Peter Hill-Wood said: "Both of our business segments - football and property development - made a significant contribution to our turnover growth and were strongly cash generative at an operations level.
"Our strategic objective is to deliver the sustained revenue growth and profitability which will allow Arsenal to build on its leading position in domestic and European football.
"Securing the new stadium, with the increased revenues it will generate, is a huge step towards achieving this objective."
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