Millwall have reported net losses of more than �6m for the 13-month period up to 30 June this year.
The figures reveal an increase in losses of �1m more than in 2007.
The club claim compensation to sacked manager Willie Donachie and loan signings to cover a injuries are behind the extra cost.
Millwall Holdings PLC have also accounted for a 13-month period, so in future it will fall in line with playing contracts.
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