Losses increased by £2m at promotion-chasing Stockport County during their latest financial year despite a rise in turnover.
The National League club have posted group operating losses of £2.6m for the 12 months to the end of June 2021, compared to losses of £600,000 during the prior 12 months.
However The Hatters reported a rise in turnover from £1.4m to £2.1m over the same period.
READ MORE: Who is Mark Stott? The businessman in charge of Stockport County FC and property giant Vita Group
Chief executive Jonathan Vaughan said: "The 20/21 season was an extremely difficult one for all involved as a result of the challenges presented by Covid.
"Despite this, the club achieved a number of its key objectives in upgrading Edgeley Park, securing a tier-one training facility to see us through the next period of growth, and establishing its new charitable arm.
"I would like to take this opportunity to thank all fans and sponsors who supported the club throughout the season with the purchase of season tickets, steaming passes, and retail purchases."
During the year the club finished the league in third position, reaching the playoff semi-final.
Stockport County also confirmed they are now swapping a £2.6m loan from owner Mark Stott to equity.
This means the club will not need to pay back any of the investment made by the owner.
They added that the only debt left in the club is a Sport Winter Survival Loan of £727,000 and a Bounce Back Loan of £50,000.
