Tranmere Rovers are to report pre-tax losses of just under �1m for the 2006-07 season at the club's annual meeting on Friday.

Chairman Lorraine Rogers has said that a reduction in transfer income is the major reason for the deficit.

Rovers received only �31,000 in transfer fees last season compared to �1.6m the season before.

Improvements in commercial income led to a 9% increase in overall turnover to the year ended June 2007.