Relegation proves costly for Baggies
West Bromwich Albion lost £7.5m in the year they were relegated, after trying to spend their way to survival.
The club increased its wage bill to £92.2m while also outlaying £45.9m on new players.
Mark Jenkins, who returned as chief executive in February 2018 after previously doing the job for six years before the 2016 takeover of the club, said funds had been "exhausted" during an expensive season.
Revenues were down by 10%, to £124.8m, in the year to June 2018.
Jenkins said "the club remains on a solid financial foot... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
