Losses have been cut at Salford City, the League Two club co-owned by the 'Class of 92', after Covid-19 restrictions were lifted.
Salford City have posted pre-tax losses of £3.2m for the 12 months to June 30, 2022, compared to losses of £4.8m in the prior year.
Their turnover also improved from £3.1m to £3.5m over the same period.
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Match day revenue increased from £216,420 to £618,474 while commercial income remained static at £2.9m.
The club are co-owned by Gary Neville, Ryan Giggs, Phil Neville, Paul Scholes, Nicky Butt, David Beckham and Singaporean businessman Peter Lim.
Nicky Butt succeeded Gary Neville as the club's chief executive towards the end of 2022.
The club's joint bid with Sale Sharks to buy AJ Bell Stadium was rejected in December.
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In a statement signed off by the board, chief executive Nicky Butt said: "Every professional football club was profoundly affected by the pandemic.
"In Salford City's case, the curtailment of its first EFL season then playing without spectators for the whole of the second had a real effect on levels of support.
"The enthusiasm and momentum that accompanies four promotions in five seasons dissipated over the period of restrictions and has yet to be entirely reignited.
"The result of this being that the metrics were adversely affected for the season against what would be expected, however we are already seeing signs of positivity that things are heading towards a 'more normal' season for 2022-23, in which we would hope KPIs and forecasts can be reviewed against a more traditional set of circumstances."
He added: "Promotion is the priority on the playing side and the club continues to be backed financially by shareholders and directors.
"In addition, a continually evolving commercial strategy and increasingly sophisticated marketing are tailored specifically to generating revenue.
"Although Salford City as a football club has been around for over 80 years, it has only very recently risen to relative prominence.
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"Not too long ago an attendance of three figures was considered to be very healthy and the club perhaps lacks a significant traditional fan base.
"Considerable progress has been made to embed the club in the life of the city and a real focus on engaging with supporters is at the heart of our engagement strategy.
"Considerable efforts are being put into improving the match day experience, expanding the reach of the club into the local community and raising our local profile.
"It is hoped and expected that these activities will encourage a sustainable increase in our 'hard-core' support.
"Since the club became fully professional the provision of suitable training facilities has been a challenge.
"A new venue is being sought for the future. In the short term, a newly-refurbished Partington Sports Village is being used."
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