New TV rights deal helps Southampton post record turnover


  • Football
  • Saturday, 24 Mar 2018

FILE PHOTO: Soccer Football - FA Cup Quarter Final - Wigan Athletic vs Southampton - DW Stadium, Wigan, Britain - March 18, 2018 Southampton manager Mark Hughes celebrates after the match REUTERS/Phil Noble

(Reuters) - Despite their perilous position in the Premier League, Southampton reported record revenue of 182.3 million pounds ($258 million) for the year ending June 30, 2017, boosted by income growth and participation in last season's Europa League.

St Mary's Football Group Ltd, the club's parent company, said on Friday that profit after tax rose to 34.1 million pounds from 4.9 million a year earlier, while net debt of 38.9 million pounds was converted to net cash of 2.9 million in 2017.

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