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West Ham announce improved figures

West Ham United have announced a record group profit before tax of £10.3m compared to last year's loss before tax of £3.5m. Turnover was up to £114.8m compared to £89.8m the previous year, while the wage/turnover ratio also decreased to 55.6% from 62.6% last year, the lowest ratio since this was first calculated 15 years ago.

Joint-chairman David Sullivan said: "My board and I are satisfied with the achievements we have made in the 2013/14 season.

"The highlights for us were retaining our Premier League status and reaching the semi-final of the Capital One Cup, signing an agreement to sell the Boleyn Ground in preparation for our move to the Olympic Stadium for the 2016/17 season, and our fantastic support despite our many injuries and therefore subsequent challenging performances on the pitch.

"We continue to believe we will deliver both on and off the pitch by investing in the team, the brand and managing the business well."

Vice-chairman Karren Brady added: "Through the hard work of a fantastic, dedicated, loyal and determined team both on and off the pitch the club has grown in size, revenue and in stature this season.

"The management team off the pitch were able to capitalise and maximise on all the opportunities the manager and the team delivered on the pitch."

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