The Football Association has announced an after-tax profit of £16 million and has invested a record £127m back into the game, according to financial results for the year ending July 31, 2017.
Turnover was down to £351m from £370m a year before -- mainly due to the lack of a major senior tournament -- while the net debt fell from £174m to £150m.
"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," said Martin Glenn, FA chief executive officer. "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.'"
Broadcasting and sponsorship income are the FA's largest revenue streams with domestic rights for England fixtures and the FA Cup secured until 2021.
In October 2016, the FA announced a record international broadcasting deal for the FA Cup running from 2018-19 through to 2023-24.