Arsenal are to announce record profits later this month.
The Sunday Times says Arsenal are about to announce record turnover figures, making the club the world's third-richest behind Real Madrid and Manchester United.
Arsenal's annual results, to be released on September 26, will show that turnover from the whole business has rocketed to about £225m. Club sources say the figures for the year ending May 31, 2008, will also reveal record pretax profits of nearly £40m, while the group's operating profit is expected to comfortably exceed £50m.
Twelve months ago, Arsenal reported a turnover of £200.8m to become Britain's richest club, but they were overtaken by United (£245m) and Chelsea (£223m). In the global rankings, Real Madrid reign supreme after recording a turnover of £263m for the 2006-7 season.