ChampionshipIpswich Town have announced a loss of £7.2m for the year to June 2014, a fall of £2.6m on the previous 12 months. Town will avoid any Financial Fair Play sanctions, having come in £800,000 under the limit of £8m for losses in the 2013-14 season.
The figure is a dramatic reduction for the Championship side compared to 2011-12, when they lost £16m.
However, Ipswich's overall debt rose by £3.6m to £86m, which is almost entirely owed to owner Marcus Evans.
