Burnley have announced a £3.7million loss for the financial year ending June 2016.
The Clarets reported the loss just 12 months after a £30.1m profit, which came prior to their 2015/16 Championship triumph.
Promotion bonuses of £11.3m were paid at the end of last season which significantly reduced their loss and has them in a stronger position for a second successive top flight season as opposed to their last relegation.
Club chairman Mike Garlick's statement to shareholders read: "Financially we managed to strike a balance between risk and reward.
"Our turnover for the year reduced from £79m to £40m; reflecting the change in TV revenue from the Premier League to the Championship, whilst still under parachute payments.
"We are in a stronger position to be more competitive this time out in the Premier League. During and following our relegation in 2014/15 we spent over £20m on payback of directors' loans, payback of external loans, payback of ground 'Buy Back Bond' and payment for development of the Barnfield academy.
"This time around we have a clean slate to work with and aim to give Sean (Dyche) and his team the best possible chance of finally consolidating our place in the world's most competitive and exciting league."