Date: 1st April 2015 at 4:21pm
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Southampton posted an after tax profit of £33.4million for the year ending June 30, 2014.

This is the first full year profit sinxe the club went into administration back in 2009 and shows just how far the club have come since with the infrastructure improving as well as our on pitch performances.

Compared to a loss of £7.1million for the year ending 2013, that is a significant turn around especially when you consider the investments made on and off the pitch and the changes we have undergone since then – although of course the summer sales and players signed by Ronald Koeman won’t figure in these accounts.

Total revenue did increase from £71.8million to £106million largely due to increased broadcast revenue, although Commerical income did also rise from £6.7million to £8.3million.

Wages also rose as you would expect from £41.4million to £55.2million.

For further figures please click here.

Chief Executive Officer Gareth Rogers explained.

‘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 an 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.’

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