Blackpool FC returned to the black last season as their turnover jumped by over £10m, according to newly-filed accounts.
The documents for the Championship club's parent company show The Seasiders achieved a pre-tax profit of £4.9m for the 12 months to June 30, 2022, up from a loss of £5.1m in the prior year.
Their turnover also surged from £6.8m to £17.8m over the same period.
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Blackpool Football Club Holdings also includes a hotel, the stadium and a property business.
During the year the parent company was handed loans totalling £3.3m from owner Simon Sadler while a further £4m in financial support has been forecast for 2023.
A statement signed off by the board said: "Through the ongoing support of ultimate ownership, The Blackpool Football Club Group has been ableto invest in crucial endeavours on and off the field.
"£1.8m was spent during the year on infrastructure projects. These investments include the improvement of our training group for the betterment of our playing squads, green energy initiatives to reduce our environmental impact and energy consumption, and improvements to lounges and fan areas to better our match day provisions and overall fan experience.
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"The directors recognise the importance of continuous improvement across each arm of the organisation.
"As a result, 44 new jobs were created across the group during the year, with more created in FY 2023.
"These roles are fundamental for the continued progress of the club and focus on brining jobs to the local community".
In November 2017, Blackpool were put up for sale by the Oyston family while in February 2019 the club were put into receivership by the High Court.
In June 2019, Simon Sadler was announced as the new owner of the club, officially ending the Oystons' 32-year tenure, purchasing a 96.2% stake.
Mr Sadler was born and raised in Blackpool and has worked in asset management in Hong Kong since 2007.
He is the founder and chief investment officer of Segantii Capital Management.
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