Arsenal claim their new position as Britain's richest football club shows they do not need foreign investment.
Latest figures reveal the club's turnover has broken the £200m barrier after the move to the Emirates Stadium.
"These results demonstrate we really don't need any outside investment," managing director Keith Edelman told BBC Radio 5live.
"We secured all the players we wanted in the summer and manager Arsene Wenger did not spend his budget."
The Gunners have been subject to takeover rumours after Alisher Usmanov increased his share in the club to 21%.
The Uzbek businessman's company, Red and White, is chaired by former Arsenal vice-chairman David Dein, who claims foreign investment is needed to compete with the likes of Chelsea.
But Edelman told the BBC: "We are looking at a position where we don't believe we need additional monies.
"We had £73.9m cash at the year's end and we are telling people today we've got increased cash balances at this juncture."
The move to the new stadium from Highbury means the Gunners are now generating more than £3m a game.
BBC sports editor Mihir Bose says Arsenal can now argue that this brings them into the big league of European earners, just behind Real Madrid.
Manchester United will have to put on another £32m from last year to match the Gunners - Chelsea will have to show an increase of nearly £50m; Liverpool £80m and Tottenham £127m to match Arsenal.
Bose said that Arsenal project that the "Emirates effect will continue to to produce vast sums of money for years".
, why did we buy Eduardo with that cash spare?
