Warrington Wolves are facing another "financially challenging year" and require extra funding to remain competitive on and off the field, the Super League club have said.
The club added that the additional funds will be needed for the "foreseeable future" from the directors.
In newly-filed accounts for Warrington Sports Holdings, chairman Stuart Middleton also said 2021 had been an "extremely challenging year" with their finances being "significantly impacted" by Covid-19.
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For the 12 months to November 30, 2021, Warrington Wolves' turnover increased from £4.6m to £5.2m but its pre-tax losses widened from £797,371 to more than £1.3m.
A statement signed off by the board said: "2021 was an extremely challenging year with the club's finances significantly impacted by Covid-19.
"The pandemic forced the Super League to shut down for five months, re-opening with matches having to be played behind closed doors.
"Not only did this impact Super League central distributions, gate and season ticket revenue but sponsorship and hospitality, retail, and the club's conference and events business were all profoundly affected.
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"This is evident in the fall in turnover from £7.4m in 2019 to £4.6m in 2020, with a partial recovery in 2021 to £5.2m.
"To offset the losses the club responded swiftly, professionally and prudently to mitigate the sizeable reduction in revenues.
"Voluntary salary cuts by employees and government support alongside the overwhelming generosity of our members and partners helped to reduce the losses.
"Although it appears we are through the worst of the pandemic, 2022 is shaping up to be another financially challenging year.
"The government loan accessed via the RFL provided welcome relief but is an additional liability that will need repaying for years to come.
"To ensure we remain competitive on-field and operate professionally off-field, the club will require additional funds which will be provided for by the directors for the foreseeable future."