AFC Bournemouth Limited posted a net loss of £10.3million for the 2013-14 season, the club’s first in the Championship.
The latest set of accounts reported losses had been stemmed following the £15.3million recorded for the previous year.
The company’s annual turnover almost doubled from £5.1million in the year up to July 2013 to more than £10million 12 months later.
Wage costs went up from £12.1million to £17.3million and Cherries’ overall debt increased from £15,550,216 to £21,527,242.
A non-interest bearing loan from AFC Bournemouth Enterprises Limited, the club’s parent company controlled by owner Maxim Demin, increased from £8,749,167 to £17,124,276.
A loan from Wintel Petrochemicals, also controlled by Demin, stands at £7,865,000.
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