It was revealed on Monday, a year after revealing a 4.4 million profit! Their turn over has dropped by 42%, stating in their report that 'the £1.7m sale of the National Football museum lease which has kept them in a financially stable position'.
PNE chairman Derek shaw said of the loss: "We're still seeing the major after-effects of the collapse of ITV digital. There's no doubt this has change the face of league football.
"Saying that, we have survived in a stable financial position whilst many other clubs are in administration because of it."