West Bromwich Albion have reported a loss of £33.9m for the 2023-24 season.
The 12-month period ending 30 June 2024 covers the now American-owned Championship club's first season following the loss of their Premier League parachute payments.
It is the first time since Albion were first promoted in 2002 that they have not benefited from any Premier League funding, having since been a 'yo-yo club' , having gone up and down five times, as well as enjoying an unbroken top-flight run from 2010 to 2018.
But it is still a significant increase following the reported £11m loss for 2022-23 - and co-owner Shilen Patel already warns that there is a further loss expected for the current 2024-25 campaign.