Arsenal reveal £30m drop in profits in latest financial results

The Gunners' £6.7m pre-tax profit for 2013 represented a fall from the £36.6m recorded in 2012, with funds from player sales in particular accounting for the dip

Arsenal have announced their 2012-13 financial results, revealing a £30 million drop in pre-tax profits from their 2011-12 figures.

The Gunners' group profit amounted to £6.7m for the year-ending May 31, 2013 - while their pre-tax profit for the previous year totalled £36.6m.

Robin van Persie's £24m move to Manchester United helped account for a total of £47m in player sales although that figure fell short of the £65.5m recuperated the year before, with the likes of Cesc Fabregas, Gael Clichy and Samir Nasri leaving the club.

Vidic: Manchester United will bounce back

The centre-back admitted David Moyes' charges played poorly in the "horrible" loss to Manchester City, but is confident the squad and manager will make amends against Liverpool

Manchester United captain Nemanja Vidic has described the 4-1 loss to Manchester City as "horrible", but promises the Premier League champions will make amends.

A Sergio Aguero double and goals from Yaya Toure and Samir Nasri condemned David Moyes to defeat in his first Manchester derby, but the defender is keen not to lay the blame at the Scot's door.

Manchester City 4-1 Manchester United: Moyes humiliated on derby debut

Sergio Aguero scored twice as Manuel Pellegrini's men roared to victory at the Etihad Stadium with a magnificent late free-kick from Wayne Rooney scant consolation for the visitors.

Manuel Pellegrini was an emphatic winner in the battle of the Manchester derby debutants in the dugout on Sunday, as his side ruthlessly took apart David Moyes' reigning champions at the Etihad Stadium.

Sergio Aguero opened the scoring in impressive fashion as he volleyed home early in the first half, before Yaya Toure forced the ball over the line just before the break to put City firmly in the ascendency.

Nasri: I did not kill anyone

The Manchester City man is happy to be given a second chance with the national team and has stressed he has learned from his mistakes

Samir Nasri has apologised for his previous misdemeanours with France but says "he didn't kill anyone" and should be given an opportunity to redeem his actions.

The Manchester City midfielder was handed a three-game ban by the French football federation following his outburst toward a journalist at Euro 2012 and had not been called up by Didier Deschamps ever since.

Wenger admits role in Arsenal departures

The Premier League's longest-serving manager was open in a recent Q&A session in Japan as he discussed the club's focus on youth development

Arsene Wenger has admitted Arsenal’s focus on promising youngsters has contributed to the departure of key players in the past.

The north London side's failure to win silverware since 2005 has attributed to the sale of key players - such as Cesc Fabregas to Barcelona and Robin van Persie to Manchester United.

And Wenger has admitted he feels players have questioned his methods at periods during their ongoing eight-year trophy drought, both in the squad and potential new recruits.