The company behind Middlesbrough Football Club made a loss of more than £50,000 after the coronavirus impacted the club's 2019/20 season.
The Gibson O'Neill Company - which owns Middlesbrough FC, logistics firm Bulkhaul and luxury hotel Rockliffe Hall - made a loss before tax of £51,000 for the year ending June 30, 2020.
In its financial accounts, the company said that the coronavirus pandemic had impacted each of the three businesses but that the football and hospitality sectors were particularly hard hit.
In the accounts, the firm said: "Middlesbrough Football Club competed in the Championship in the 2019/20 season.
"Due to the Covid-19 pandemic nine games were played behind closed doors, with seven of those games being played after June 30, 2020. The fixtures were concluded in July 2020 and resulted in the club finishing in 17th position in the league.
"The parachute payments from the Premier League expired in June 2019 combined with the financial impact of Covid-19 resulted in a significant negative movement in financial results.
"The club is delighted at the continued development of players from their academy which provides good grounds for optimism in the future."
Speaking specifically about how Covid-19 affected the club, the company said: "Government restrictions imposed on football stadia to tackle social distancing concerns have significantly hampered the company's ability to generate income in its usual manner, both from a matchday perspective and non-matchday.
"The company was forced to make redundancies in August 2020 and significantly reduce the size and cost of the playing squad to reduce its cost base to offset, in part, the significant reduction in income.
"It will continue to monitor the financial impact of Government measures caused by the pandemic. A rescue fund provided by the EFL in December 2020 provides short term cash flow support."
Meanwhile, Rockliffe Hall suffered during the pandemic due to business conferences and events being cancelled due to lockdown. However, the company said that room occupancy rates began to strengthen in the third quarter of the financial year.
But while Bulkhaul was impacted by the changes in global trade during the year, the company has doubled down on the logistics firm and took delivery of "newly built tanks to increase its already considerable fleet of owned tank containers".
Turnover at The Gibson O'Neill Company fell by 20% over the year, from £270.7m in 2019 to £215.4m in 2020.
The drop in revenue led to operating profit falling from £47.9m to £4.4m. The business made a loss after tax of £5.3m in 2020, down from a profit of £36.0m in 2019.
