Dundee Football Club sustained an £820,000 loss during their promotion season.
The figure was revealed in the annual accounts for the financial year through to May 31, 2014.
This takes the accumulated losses of the business up to just over £3 million.
The Dens Park club released a statement to put the 2013-14 financial figures in context – that context being relegation from the top flight after their unexpected late promotion on the back of Rangers’ demotion.
It read: “In our 2013/14 Championship winning season, the club reported a loss for the full year to 31 May 2014 of £820,000, which was a significant reduction from the previous year’s profit.
“That profit was earned during season 2012/13 when DFC were unexpectedly promoted to the SPL as runners-up in the previous year’s Championship. Notwithstanding this loss, after taking account of the capital injected in the business during the year, the net worth of the company improved by £100,000.
“Clearly our cost base did not fall sufficiently in 2013/14, as our revenue following relegation from the SPL dropped by over 18% while our operating expenses actually increased.
“We had a significant playing budget during the year and a larger management expense than we have now. Plus there were also a number of one-off payments to several members of staff who left the club.
“When the current shareholder consortium took over the full management of the club in August/September 2013, the vast majority of the cost base had already been set due to the existing contracts in place for our staff, manager, coaching and playing squads.
“Although the club finished last season on an incredible high, we did not claw back sufficient gate receipt income to bridge the gap between our cost base and revenue.
“The equity capital injection from Football Partners Scotland allowed the club to successfully navigate a path to the end of last season.”
Turning to the more recent financial picture, the board stressed that “our current cash flow, although still tight, is considerably better than the year being reported.”
The statement added: “We continue to make steady progress as a club and are working hard within a totally debt-free environment to reduce our net balance sheet liabilities and to build our club again on a firm financial footing for the future.”