The main drivers for the revenue increase were the
significantly improved Premier League television
contracts, recognition of a full year of the enhanced
partnership arrangements with Emirates and our FA
Cup success. These football revenue gains were
partially offset by a lower level of activity in the
property business.
Player trading consists of the profit from the sale
of player registrations, the amortisation charge,
including any impairment, on the cost of player
registrations and fees charged for player loans.