Rotherham United unveil club accounts for 2017/18
In the year following the club's 2017 relegation from the Championship turnover dropped from nearly £13 million to just under £10m.
Stewart raised the sponsorship contribution of his company, ASD Lighting, from £1m in 2016/17 to £3m.
The accounts, published yesterday, showed Rotherham made a pre-tax loss of £510,000 in 2017/18, compared to more than £1.2m in the previous 12 months.
Other key points for 2017/18 included:
A loss in television revenue of around £4.8m.
A reduction in the wage bill from just under £8.7m to £6.3m.
Player purchases amounted to £270,000 with player sales totalling £800,000.
There was a drop in season-ticket sales from 6,194 to 5,582.