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That's not what the club said earlier in the season. Losses were forecast to be very similar.

Yup that is correct, but there is an acceptable deviation as well of 3m for 2013/14, making 8m in total. This reduces to 3m with an acceptable deviation of 2m from 2015/16 onwards (Total 5m). For the season just finished, the total is 10m. In response to the OP, investment in club community...

TB has converted 40m of debt into shares though, I believe. The clubs coming down only have an advantage if they can get their wages under control - in the case of QPR this will have to be drastically reduced.