Manchester United posted all-time record operating profits of £117 million for the 2013-14 season, Deloitte's annual football finance review has found.
It was a season to forget on the pitch under David Moyes but off it United were still thriving, with the Glazer-owned club posting revenue totalling £433m, £350m more than bottom club Cardiff City and 13.2 per cent of the total accrued by all Premier League clubs.
Indeed, all but one of the Premier League's 20 competing teams in 2013-14 recorded an operating profit.
Tottenham were one such club to deliver positive numbers, with the north Londoners' pre-tax profits equaling a record-high £80m following the sale of Gareth Bale to Real Madrid, while Chelsea, on the way to a third-place finish in Jose Mourinho's first season back in charge, became the first club to hit the £1 billion mark for net debt.
England's top flight once again stood out from the crowd across Europe's major leagues, with the combined operating profits total of £614m the highest ever, almost treble that of the previous high set by the Bundesliga in 2012-13.
Even before the staggering new TV deal kicks into gear for the 2016-17 season, Premier League broadcast revenues still reached unprecedented levels in 2013-14, with the £1.76 billion figure amounting for 54% of the league's total revenue streams.
Incredibly, the Premier League's broadcast revenues alone were worth more than the total revenues accrued by La Liga, Serie A and Ligue 1.
The 2013-14 season saw plenty of transfer market activity, with the likes of Arsenal, Manchester United and Manchester City splashing out significant sums on new faces as they looked to build squads capable of winning the Premier League title.
Mesut Ozil checked in at Arsenal in a club-record £42.5m deal from Real Madrid, while United spent big on Everton midfielder Marouane Fellaini, as well as the January 2014 acquisition of Juan Mata, and City also splashed the cash bringing in the likes of Fernandinho, Stevan Jovetic and Alvaro Negredo.
Chelsea were also active in the market, with the £30m signing of Willian their biggest outlay, as Roman Abramovich's backing continued to bear fruit despite learning that the club had hit £1bn in debt.
In fact, the 2013-14 season saw owner investment at both Chelsea and City, who had been financially backed by Sheikh Mansour following his acquisition of the club in 2009, hit £1bn since their respective takeovers.
In total, Premier League clubs spent a whopping £964m on transfers over the course of the season, a 34% increase on the 2012-13 figures, while aggregate debt levels amounted to £2.4bn.
Naturally player wages accounted for a significant chunk of expenditure, with fees in England's top league having risen by £119m to £1.9 billion, a 7% increase.
Premier League teams continued to thrive on the merchandising front, meanwhile, with commercial revenue increasing by £135m to £884m from the previous season, although 78% of that figure was accredited to just six clubs made up of Arsenal, Chelsea, the two Manchester clubs, Liverpool and Tottenham.
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