Wembley finalists Shrewsbury Town have added more to the feeling of good times in Shropshire by announcing a £409,000 profit for the 2016-17 season.

According to Shropshire Star, the promotion-chasing club made £409,294, which was down on the £1.23 million made the previous year.

Turnover also fell by £2.14 million, from £6.85 million in 2016 to £4.71 million last year.

Town also previously benefited from big-money player sales from their youth set up, including Ryan Woods’ transfer to Brentford, and defender Connor Goldson’s move to Brighton.

The new accounts, which cover the period from July 1, 2016, to June 30 last year, include the sale of two acres of land to Lidl, the purchase of the training ground and costs incurred in attracting manager Paul Hurst to the club.

The club revealed it continues to have no debt and holds about £1 million cash in the bank. The directors took no salary or dividend payments from the club, consistent with prior years.

The amount spent on salaries in the 2016/17 seasons was £3.5 million, marginally lower than the £3.7 million in the previous season.

Chief executive Brian Caldwell said “The club has benefitted from the continued good work done by the chairman in previous years.”

“We have had two really healthy years, which included a really good cup run and the sale of some of our players including Connor Goldson, Ryan Woods and Harry Lewis.”

“Along with the sale of land to Lidl, these are extraordinary items so you have to look at these in different ways. Unfortunately you can’t budget for them every season.”

“We currently have a strong financial footing, which I believe is one of the best in the EFL and the Premiership.”

With average league attendances up this season from 5,507 to 6,231, bigger gate receipts, television and prize money are set to add up to an expected increase in profit for the 2017-18 campaign.

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