You could say that about Southampton and West Ham last year,
Chelsea, Man City, Wigan, Villa, Sunderland, Stoke, Fulham ... every year,
and Cardiff and Middlesborough this year.
All having transfer fees/wages/other costs > turnover = losses, subsidised by benefactors.
Unfortunately, that seems...
Hull have surprised me.
Bore draws over the last 18 months, they are now relentlessly winning, and despite having lower income and crowds than the Albion, have a core of ex-PL players to make the dream come true:
Koren, Elmohamedy, and Faye.
Leicester, similar story:
Schmeichal, Whitbread...