Partick Thistle FC has predicted a £300,000 loss for the most recent season, after the previous board increased the playing budget while anticipating investment that did not materialise.
But the situation could have been far worse had the club not drawn Rangers at Ibrox in the Scottish Cup and received investment from a supporter.
A difficult season almost ended on a high, only for Thistle fans to suffer more trauma when Ross County came from three goals down before winning the cinch Premiership play-off final on sudden-death penalties.