Arsenal have announced pre-tax profits of £35.2 million and a significant reduction in debt for the six months ending November 30 2009. Carlos Tevez returning for Manchester City to face Chelsea. Adebayor handed four-game ban. Manchester United's goalkeeper Edwin van der Sar has signed a one-year contract extension. Portsmouth go into administrationThe financial half-year results reveal Arsenal Holdings PLC's total net debt has been reduced from £332.8m to £203.6m - a reduction of £129.2m.
The club also announced significant progress at Highbury Square where the sale of 261 apartments raised £96.6m - an increase of £38.2m on 2008 - with all the proceeds used to pay off the project's debt. The group's property business recorded a pre-tax profit of £9.3m.
Carlos Tevez returning for Manchester City to face Chelsea.
Manchester City striker Emmanuel Adebayor has been handed a four-match ban after being sent off during the FA Cup fifth-round replay defeat against Stoke on Tuesday.
The Togo forward was dismissed after hitting Potters defender Ryan Shawcross with a flailing arm at the Britannia Stadium and has chosen not to appeal against the decision.
Manchester United's veteran goalkeeper Edwin van der Sar has signed a one-year contract extension. The Dutchman, who joined United in June 2005, will now be tied to the Old Trafford club until at least June 2011.
Portsmouth have traded their short-term Premier League status for the hope of long-term survival after going into administration.
Earlier this month, Portsmouth had been given time to secure new funding or a new owner but they failed on both fronts and instead became the first Premier League club to go into administration.
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