The positive thing the accounts showed is our long term stability.
Bar the exceptional losses, attributable to the previous owners, we would have broken even despite a lack of UCL and reasonable investment in the squad. Firstly that means we won't be subject to a Leeds style decline if we don't qualify in the next few years. Secondly, when we do qualify for the UCL again we should be making large profits.
Finances look heathy, and hopefully signify more investment in the summer.