Wycombe Wanderers have reported a near £10 million loss in their latest financial accounts, with rising costs and debt levels prompting concern among some supporters.

The Chairboys posted a loss of £9,865,008 for the year ending June 30, 2025, more than double the previous year’s deficit of £3,852,571.

Turnover increased to £7,083,977, up from £5,792,146, but spending continued to outstrip income. Administrative expenses alone totalled £7,775,020.

The club’s long-term debt has also risen significantly.

Creditors due after more than one year increased to £20,479,768, compared with £7,161,536 the previous year. Net liabilities now stand at £10,995,393.

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The club said becoming “financially sustainable” remains a “long-term aim” following investment from its owners.

Wycombe Wanderers have been owned by Kazakh billionaire Mikheil Lomtadze since 2024.

Mikheil Lomtadze Wycombe's owner (Image: YouTube)

Concerns have been raised by some supporters about the club’s reliance on owner funding, with reports he has not visited Adams Park since taking over.

One source described the latest figures as “eye-watering”, while others have questioned how sustainable the current model will be in the longer term.

A spokesperson for the club said: “The recently published financial statements to 30th June 2025 reflect substantial planned investment by the Club’s owners into its infrastructure, first-team squad and in setting up the academy, with the long-term aim of making the club financially sustainable.

“The Ownership Group have also paid off all external debt and converted some of their funding into permanent capital.

“During the period the Club has invested in its facilities at Harlington and Marlow Road as well as the Adams Park pitch and stadium facilities.

“The Club is financially stable and has started on its journey to becoming sustainable.”

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The Harlington ground in West London is owned by Imperial College London and was used by the first team during the season ending in 2025.

The Chairboys have since moved back into their Marlow Road training ground, which had been renovated without planning permission, which the club later received retrospectively despite objections.

Its academy continues to use Harlington.