Tuesday 31 March 2015 11:43, UK
Champions League-chasing Southampton have revealed profits of £33.4m for the financial year ending June 30, 2014.
The St Mary's Stadium club have recorded a positive balance sheet for the first time since entering administration in 2009 as they set about attaining a record league finish under Dutchman Ronald Koeman.
Chief executive officer Gareth Rogers told the club's official website: "There are lots of positives to take from these financial results. Recording the first profit and positive net asset position for the first time since administration in 2009 is very pleasing. It shows the health of the club and the Group is strong and the foundations are there to be built on.
"The opening of the Staplewood Campus training ground in November was a important step for the football club. A substantial investment was ploughed into the development and the state-of-the-art facilities will further enhance the staff’s ability to maximise the potential of our first team and Academy players.
"Our focus remains on developing significant commercial growth which will support our vision to create a sustainable business model. We have a strong business plan in place and we’re already seeing the green shoots of that plan. We believe it is possible to be a well-managed, well-structured football club that is successful both on and off the pitch."
Southampton, who currently lie in sixth place six points behind fourth-placed Manchester United, travel to Goodison Park to take on struggling Everton on Saturday.
