Championship club Bournemouth have recorded pre-tax losses of more than £60m for the year ending 30 June 2020.
Turnover dropped by £35.7m due to a fall in final league position in 2019 and the affect of Covid-19 on income.
The figures do not include more than £50m in transfer fees earned after the end of last season.
The club, which is owned by wealthy Russian businessman Maxim Demin, sold several players including Nathan Ake, Callum Wilson, Aaron Ramsdale and Harry Arter after their relegation.
Manager Eddie Howe also left the club, who have since sacked his successor Jason Tindall.