Friday 22 December 2017 23:59, UK
Everton have announced they have posted record turnover of £171.3m and a post-tax profit of more than £30m.
The turnover figure is almost £50m more than the previous high and the profit figure follows losses of £24.3m in 2015/16.
Everton executives have also welcomed the news that, for the first time since the introduction of the Premier League, average attendances at Goodison Park exceeded 39,000 - although season ticket price reductions and early cup exits meant that gate receipts fell by £3.6m.
Everton chief executive officer Robert Elstone said: "Our financial performance in 2016/17 breaks all records and highlights the progress made by the club in recent years.
"While the Premier League's incredible new TV deal has made the biggest contribution to our results, we have created waiting lists for season tickets, filled our lounges and grown our commercial income."
Everton chairman Bill Kenwright has welcomed the results and also paid tribute to the role played by part-owner Farhad Moshiri.
"I would like to congratulate Robert and his teams at Goodison and Finch Farm for the sustained growth experienced across all areas of the club," said Kenwright.
"Of course, the chance to grow further is made possible by the much-improved financial position secured by Farhad's personal investment in the club.
"His support has allowed us to repay the long-term debt, invest in our playing squad, expand and improve Finch Farm, and make significant and overdue improvements to how Goodison Park looks and operates.
"I have always said that I believe Farhad is exactly the right person to take our club forward. His ambition matches that of every Evertonian and both the financial investment and the time he has put into the club demonstrates that commitment.
"I'm especially pleased to see young faces filling Goodison Park every week and the 'investment' we are making in reduced gate receipts will undoubtedly pay dividends in the years ahead."
