Tranmere have announced an operating loss last year of nearly £1million at the club's annual general meeting.

The pre-tax figure is based on accounts for the year ending June 30, 2009, with the club also revealing an increased turnover to over £3m. The loss is bigger than 2008's figure, which stood at £438,000 with an almost identical turnover.

Rovers chairman Peter Johnson, who blamed the loss on the lack of player sales, told the Liverpool Echo: "Operating expenses were reduced by £112,000, but the lack of transfer income (for the year ended June 2009) was down by £646,960 to £78,488, which meant the loss before taxation more than doubled to £994,720."

The accounts also revealed Rovers are around £6m in debt, with Johnson, who owns a 60% controlling stake in the club, handling much of the debt in loans and loan guarantees.

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: