Reuters reports that the figure is an increase of £17 million in the year. The holding company, Red Football Joint Ventures Limited, paid interest on the debt of £68.5 million in the year.

The company made a profit of £6.4 million, compared to a loss of £42.7 million the previous year.

Red Football Ventures said its strategy going forward was to maintain the team’s success on the pitch, boost its brand and develop its media rights.