By Jonathan Davies

Southampton Football Club has reported its first profit since it entered administration in 2009.

The Premier League club posted profits of £33.4m for the 2013/14 season, compared to a £7.1m loss in the previous season.

The record TV deal helped the club's revenues jump from £71.8m to £106m.

Many fans would've expected the club to report a profit for the season, given the sale of key players during the summer. Adam Lallana, Rickie Lambert and Dejan Lovren all left for Liverpool, Luke Shaw moved to Manchester United for a reported £27m and Calum Chambers moved to Arsenal.

But the figures do not include the millions generated from those sales. Southampton chief financial officer David Bence said: "The profit from player trading has all been reinvested in transfer fees, player wages and additional football-related costs, in order to support the aspirations of the 2014/15 season."

The club has debts of £50m and assets of £31.8m, compared with liabilities of £1.6m last year.

Chief executive officer Gareth Rogers said: "It shows the health of the club and the group is strong and the foundations are there to be built on."