It is relatively rare for a football club to record a profit and Southampton must be pleased with the £900,000 they made in the last six months of 2012 after their return to the Premier League. It is the first profit they have made without player trading since 2005.
The benefits of being in the Premier League were clearly evident with revenues (excluding player trading) nearly trebling from £11.6m to £33.1m. Average attendances were up by 16 per ent.
It is relatively rare for a football club to record a profit and Southampton must be pleased with the £900,000 they made in the last six months of 2012 after their return to the Premier League. It is the first profit they have made without player trading since 2005.
The benefits of being in the Premier League were clearly evident with revenues (excluding player trading) nearly trebling from £11.6m to £33.1m. Average attendances were up by 16 per ent.
The underlying fundamentals look good with wages accounting for 59 per cent of turnover, a much better figure that at many other Premier League clubs, not least relegation rivals QPR.