Wednesday 21 March 2018 12:39, UK
The Football Association has announced an after-tax profit of £16m and invested a record £127m back into the game.
The figures come from the FA's financial results for the year ending July 31, 2017.
Turnover was down to £351m after 2016's £370m - mainly due to the lack of a major senior tournament - while the net debt fell from £174m to £150m.
Martin Glenn, FA chief executive officer, said: "This is another set of strong financial figures for The FA, which has allowed us to invest a record-breaking £127m back into every level of English football.
"The FA is For All and, as a not-for-profit organisation, our core focus is to develop the national game and invest in the future.
"In 2016 we announced our four-year strategic plan to Unite the Game, Inspire the Nation, to bring English football closer together. Two years in and we are making real progress.
"The FA is in good financial health and we have a clear focus to continually improve the way we service the needs of the English game and prove that The FA is For All."
