OXFORD United made a loss of more than £6 million for the 2022/23 financial year.

The club’s annual report and unaudited financial statements for the year ending June 30, 2023, have been published on Companies House.

The loss of £6.18m represents an increase of more than £2m compared to the previous financial year, when it stood at £4.13m.

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United chairman Grant Ferguson told the club website: “It has been both a challenging yet exciting time, particularly given the progress with the new stadium project and improved on pitch results.

“I’m proud of the progress we’ve achieved, something which wouldn’t be possible without the ongoing investment from our shareholders and the valued contributions from so many across the wider Oxfordshire community.

“The club’s focus is now on achieving the strongest possible finish to the season. Thank you to our fans and staff for their support.”

A club statement added: “Financially this was a season where the club relied on support from its shareholders more significantly than ever, but that support was always forthcoming.

“Whilst the 2022/23 season didn’t meet expectations, the club ended in a strong position for the start of the 2023/24 season.”