The Otium Group which owns Coventry City FC and Sky Blue Sports & Leisure lost £1.9m last years, figures sent to Companies House reveal.
The loss is more than half of the £4.4m losses of the year before.
Chairman Tim Fisher said to the club website: "The latest set of accounts represent a significant improvement in the financial performance and consequent financial stability of the football club. We are pleased with the continued direction of travel of the club’s financials.
"The directors are pleased to be able to present a set of accounts which are showing a more stable financial footing including the removal of any uncertainties which no longer require the auditors to make reference to.
"The accounts highlight that the football club is financially more stable than ever and clearly illustrates our continued shift away from financial dependence on our shareholder creditor-investors.
“Overall, I'm particularly pleased that the accounts illustrate the clear impact of the necessary combined effort and team work of everyone at the club which has been and remains critical as we continue to drive this club forward."
More at http://www.ccfc.co.uk/news/article/news-accounts-publication-coventry-city-sky-blue-sports-2982009.aspx#
Otium accounts - http://www.ccfc.co.uk/documents/signed-otium-accounts144-2981991.pdf
Sky Blue Sports & Leisure Accounts - http://www.ccfc.co.uk/documents/signed-sbsl-accounts144-2981990.pdf