Swansea City Supporters’ Trust said: “We appreciate that the headline loss will be concerning for trust members and supporters and that is a situation we too share.

“But we continue to be kept updated as to the club’s financial position and at ways it is looking to become more financially sustainable on a long-term basis.”

The Trust also welcomed the decision from Swansea’s owners earlier this month to inject a further £3m into the club.

That took the group’s investment beyond £20m since last summer, though other shareholders, including the Trust, will see their stake decrease.

The Trust’s statement continued: “The Trust appreciates the ongoing investment into the club from the majority owners, especially when it is in exchange for equity rather than through loans that would increase the debt load on the club.

“Likewise, we are also acutely aware that the results we are seeing today are all too commonplace amongst our Championship rivals, where the majority are also seeing mounting year on year losses.

“This, however, is not a strategy that we wish the club to follow, nor is it one that we believe our majority owners are willing to support on a longer-term basis.”