Bank: Barclays What is your view on how football can become more sustainable? Y/E: 31 May 2014 Turnover: 6.1m (5.8m) Brentford Turnover: 38.1m (59.3m) Capacity of English Premier League stadiums 2022-2023, by club, Average match attendances in the English Premier League 2021-2022, by club, Yearly value of shirt sponsor deals in the English Premier League 2022-2023, by club, Average yearly salary of English Premier League players 2022-2023, by club. Blackburn and Stoke reported a combined net debt of 248m while eight Championship clubs reported net debt in excess of 50m. We've looked at the Premier League finances, now it's time for the Football League Championship clubs' accounts to get the same treatment. Owned by: GSE Group and chairman Mel Morris, who has made billions through King Digital Entertainment Championship losses across four clubs so far: 76.6m. Blackburn Rovers / The Robins published a record loss of 38.4million in their most recent set of accounts last month. Pre-tax loss: 9.8m (-65.4m) Net debt: 25.6m Sheffield Wednesday / Ipswich Town / You can see the net debt by club in the Datawrapper chart below. The division's severe difficulties are caused principally by the financial chasm between the Championship and the Premier League, which means promotion, which will be claimed by either Derby County or Queens Park Rangers in Saturday's Wembley play-off final, is worth at least 120m. Nottingham Forest / Access to this and all other statistics on 80,000 topics from, Show sources information The lion's share of the tax debt - 59,127,124 - is owed by clubs which play in the Championship league, with 13,637,069 due from those in League One and 4,848,583 from those in League Two. Something went wrong, please try again later. The Daily Mail claims to have seen an 80-page report from the EFL that features clubs anonymously revealing how much they are spending on wages.. That is topped up to a total of 4m with 2.3m from the Premier League in solidarity payments, a recognition by the 20 top clubs of the vast financial gap the breakaway opened up. Company name: Preston North End Ltd Milton Keynes Dons / To use individual functions (e.g., mark statistics as favourites, set Auditor: PwC Fulham told the BBC that, despite posting losses of 45m in one year, they would not have broken the three-year P&S limit even if they had not been promoted. Wages and salaries: 18m Brentford / Turnover: 12.7m (11.9m) Former Wigan chairman David Sharpe, who sold the club in 2018, said the situation is "frightening" - following a BBC Radio 5 Live Investigation Unit analysis of the Championship's finances. Y/E: 31 May 2014 Owned by:Dejphon Chansiri, whose family controls the Thai Union Frozen Group, the world's largest producer of tuna "It can't continue if the model is just having enough billionaire owners to keep funding it - that's a strange, crazy model because there are only so many people you can attract.". After years of overspending, the club's relegation from the Premier League last season means they face a battle to cut costs and Fernandes has signalled that the days of heavy investment on new players is over. Bank: Barclays Bank 5 Live's analysis found that the losses detailed on the public annual accounts for five Championship clubs were approaching or exceeding 39 million in 2017-18 alone. Company name: Brentford FC Ltd football / The research, which analysed the most recent financial accounts for all 24 clubs in this season's Championship, also found the total debt was almost double the division's collective turnover figure. Pre-tax loss: 7.9m (-7.6m) Show publisher information This statistic is not included in your account. Milton Keynes Dons / News . As for Boro and Stoke, the other clubs highlighted in the report, they are in their fifth and fourth seasons outside the Premier League respectively. Deloitte. Harvey explained that the financial fair play rules are aimed at staunching the huge losses made by Championship clubs. In November 2014, clubs agreed to a new set of rules from 2016-17 whereby finances will be monitored over three seasons during which a 15m loss is permitted. QPR say their 38m loss is partly because of a 20m fine already imposed by the EFL under previous Financial Fair Play rules, and that this would not count towards the spending limit. Queens Park Rangers / Auditor: Cassons Business Advisers The sale of Joe Gomez to Liverpool will no doubt help to balance the books in 2015/16. Compact. Combined turnover totalled 646.4m with a significant chunk of that coming from parachute payments to relegated clubs. Pre-tax profit: 16.4m (-1m) Wages and salaries: 11.8m Turnover: 32.6m (32.1m) Sheffield Wednesday were charged with misconduct by the EFL last month, after an investigation into the sale of Hillsborough to the club's owner, which the EFL allege helped it meet P&S rules. Preston North End are the fourth 2021/22 Championship club to release financialsand fourth to declare eight-figure loss. Turnover: 91.3m (73m) Turnover: 30.6m (28.5m) Owned by: Tune QPR, registered in Malaysia and owned by Tony Fernandes, Kamarudin Bin Meranun and Ruben Emir Gnanalingam (66 per cent); and Sea Dream, the family holding of Lakshmi Mittal (33 per cent) Sheffield Wednesday / "A salary cap will be hard to pass on a vote but if it doesn't, they have a big, big problem on their hands.". As well as seeing revenues hit due to time playing behind closed doors, the transfer market has also been hit making it harder for clubs to cash-in on players where necessary. Otherwise, it is predicting that in five years' time, the 72 . At his former club, Leeds United, the owner that Harvey worked for, Ken Bates, sold the club with cash-flow problems to the Bahrain-based bank Gulf Finance House. Hull City / Company name: Milton Keynes Dons Huddersfield Town / Clubs that spend beyond their P&S limit can face sanctions, such as a transfer embargo or a points deduction, as happened to Birmingham City last season. The divisions severe difficulties are caused principally by the financial chasm between the Championship and the Premier League, which means promotion, which will be claimed by either Derby County or Queens Park Rangers in SaturdaysWembley play-off final, is worth at least 120m. Net debt is as stated in the accounts; debts minus cash held at the bank. Total loans: 44.1m The league is awaiting the written ruling of an Italian court which has found Cellino guilty of tax evasion, to see if he did so dishonestly, in which case Cellino will be barred from being an owner or director, plunging Leeds into crisis again. In terms of what our plans are to do with that, clearly it doesn't make great balance sheet reading to have a huge debt like that and we'll continue to look at that and decide what we will and won't do in respect of that. One source has told SSN they have never seen such a high level of debt in any Championship football club. as happened to Birmingham City last season. Y/E: 30 June 2014 Championship / Football website the Swiss Ramble pored through the accounts to reveal the total debt that each club was in - and it makes for fascinating viewing. Both clubs deny breaching any P&S rules. Net debt: 19.2m Net debt: 47.1m Bank: Barclays Data journalism and data visualisations from the Guardian, Search the worlds global development data with our gateway, Contact us at data@theguardian.com Follow us on Twitter Like us on Facebook, Original reporting and incisive analysis, direct from the Guardian every morning, Nigel Pearson, manager of Leicester City celebrates winning the Championship in April 2014. Wages and salaries: 3.5m For the latest from the pitch sign up for our football newsletter. Company name: Queens Park Rangers Football & Athletic Club Y/E: 30 June 2014 Turnover: 12.8m (14.2m) The table below is an edited table of the full account details in the spreadsheet and only shows turnover, wage bill, wages as a proportion of turnover, loss before tax and profit before tax. Owned by: Massimo Cellino's Eleonora Sport (75 per cent); Gulf Finance House (21.43 per cent); Leeds City Holdings [75 per cent owned by Eleonora and 25 per cent by GFH] (3.57 per cent) Ipswich Town / Y/E: 30 June 2014 MK Dons remain reliant on Pete Winkleman, the businessman who was involved in relocating Wimbledon FC to Milton Keynes in 2001. Second tier trio Bristol City, Middlesbrough and Stoke City are all said to have proverbial red lights attached to their names with regards their financial health. Reasons for the European Super League, part 2: the 12 clubs have 5.6 bln of debt, per UEFA's definition of financial debt (3.5 bln) and transfer debt (2.1 bln). Leeds United Learn more about how Statista can support your business. Championship sides ran up a record high total of 307m in pre-tax losses in 2017-18, Despite the league also bringing in its highest-ever revenue of 749m, overall spending on player and staff wages exceeded clubs' revenue by 11%, That gap is expected to widen to an all-time high for 2018-19. Rotherham United Huddersfield Town / Wages and salaries: 14.4m Please do not hesitate to contact me. 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Company name: The Derby County Football Club Owned by: Redrow founderSteve Morgan throughBridgemere UK plc They loaned it 11m, according to the accounts, before in turn selling to the Italian-US businessman Massimo Cellino. With the financial clout of Candy Crush tycoon Mel Morris, the Rams should be in contention for a return to the Premier League come next May. Prutton assesses West Brom, Fulham and Sheff Utd's chances of success, Reading were docked six points this season for a breach of profit and sustainability rules, Bristol City are in their seventh consecutive season in the Championship, Stoke City are in their fourth season outside the Premier League, Despair for Andy Carroll as he scores two superb goals - only for both to be ruled out, Where last 10 Championship top scorers are now from Premier League to non-league. Sitemap | Terms & Conditions | Privacy Policy & Cookies. A leaked questionnaire has highlighted just how much Championship clubs are paying out. The EFL charge relates to "how and when" the stadium was sold and its early inclusion in the 2018 accounts. Net debt of clubs in the. The EFL charge relates to "how and when" the stadium was sold and its early inclusion in the 2018 accounts. Leicester City, Wolverhampton Wanderers and Cardiff City all reported losses of more than 30m. Wages and salaries: 27.6m Auditor: Mazars If that is exceeded, clubs will face a transfer embargo, or a fine if they are promoted. Burnley / The chart below shows how the clubs compare by turnover, wage bill and wages as a proportion of turnover. During this season,. HOW much debt was each Championship club in after last season? In that sense it is a soft debt.". Turnover: 6.1m (9.9m) You can only download this statistic as a Premium user. The combined net debt of clubs in the Premier League and Championship is now around six billion pounds, with Championship clubs spending an unsustainable 125% of their revenue on player wages . Preston North End are in a net funds position thanks to owner Trevor Hemmings' decision to wipe more than 34m off its balance sheet during the club's latest accounts filed at Companies House. The separate categories of turnover are rounded down or up, so added together do not always tally with the total turnover figure. Owned by:ASD Lighting Holdings, owned by Tony and Joan Stewart (88 per cent); Brian Becket, Ronald Hull and Lelsie Wilson (3.92 per cent each) Net debt: 4.6m Despite suffering relegation from the Premier League, the club's balance sheet will have been significantly strengthened by their season mixing it with football's elite. Rotherham United / Ipswich Town Hull City "Net Debt of Clubs in The Premier League and Championship in England from 2017 to 2021 (in Million Gbp). Pre-tax profit: 8.5m (-33.1m) Bristol City / Results will appear on the next page. Please create an employee account to be able to mark statistics as favorites. Bank: Barclays Wolves and Cardiff provided no comment. After reaching the playoffs last season, the Bees will be hoping to go one better this time around and make the step up to the Premier League under new manager Marinus Dijkhuizen. Company name: Leeds United Football Club Are you interested in testing our business solutions? The Championship's FFP rules were introduced in April 2012 set limits for losses and sanctions including transfer embargoes for overspending. We guaranteed wages and didn't make redundancies. "Clubs, however, must be given the freedom and flexibility to strive for success within the parameters of the regulations. Y/E: 31 May 2014 Championship clubs receive 64% of the money, which means they are paid 1.7m each, a dominance itself resented by League One and Two clubs. Wolverhampton Wanderers /, Andy Slim, Managing Director, North Its Red Flag Alert Football Distress Report said that just three clubs of the 72 in the Championship and Leagues One and Two are suffering from "serious financial distress". Statista. Championship Club Finances. Company name:Sheffield Wednesday Football Club We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. And with United not winning silverware anymore, things will likely not improve in 2020. Currently, you are using a shared account. Many teams are recording significant losses over one or two seasons in an attempt to gain promotion to the Premier League. E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering. Bank: Santander Auditor: Cvr Global Wages and salaries: 66.4m Pre-tax loss: 7.3m (-2.3m) Otherwise the business plan, which albeit required quite a lot of investment from the owner, was relatively sound.". Derby County and Reading have both received points deductions this season in the Championship, with the Rams' two separate punishments totalling 21 points and Reading. Welcome to the 26 th edition of the Deloitte Football Money League, an annual profile of the highest revenue generating clubs in world football. Harvey said that while the 120m bonanza of promotion is a fantastic opportunity for the promoted clubs, the hunger to achieve it has caused clubs to increase spending on players wages, and financial pressure on the Championship. Bolton Wanderers had the biggest wage bill of all the clubs at 37.4m, followed by Blackburn Rovers who forked out almost 37m on wages for the year to June 30 2013. As always you can unsubscribe at any time. Net debt: Not stated Action has been precipitated by the large amount of debt which the Football League sees its clubs carrying unless action is taken now. Transfers & rumours . Owned by: Tony Bloom, a sports bettor and property investor Cardiff City / Leeds United / Auditor: Deloitte Business Solutions including all features. At least three Championship clubs have been earmarked as being under intense scrutiny with regards their financial situations. Auditor: Edwards Chartered Accountants The EFL told the BBC: "Club owners are fully aware of the current financial regulations in place and are cognisant of the risks that such an increase in outgoings can have on sustainability. There have been questions raised about some clubs - including Aston Villa and Derby - and their ground sales. The dire financial state of the Football League Championship has been revealed by the Guardians analysis of the 24 clubs most recent accounts, which shows they owed a combined debt of almost 1bn. Pre-tax loss: 23.9m (-8m) E: andrew.slim@newsco.com, Next article: Asda returns to supermarket second spot, Previous article: Currency risk threatens international trade, Newsco Insider Limited | Registered in England and Wales with Number 02709518 rights reserved Southend also announced "working capital" funds had been injected to help the club over the coming months. 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You need a Statista Account for unlimited access. Total loans: 76m Wages and salaries: 38.6m Owned by: Birmingham International Holdings, a Hong Kong-listed group now in receivership Y/E: 30 June 2014 Y/E: 30 June 2014 Of the clubs in the Championship during 2012-13, only four made a profit, of 8.3m in total. Owned by: Wordon Group, a company incorporated in the Isle of Man and controlled by the family interests of Trevor Hemmings The loans totalling 76m are all owed to Gibson. Bank: Lloyds Fulham / Company name: Burnley Football & Athletic Company On Wednesday, Georgia police announced a warrant for Carter's arrest on suspicion of reckless driving and racing. Chairman Phil Gartside has previously described Davies' support as "humbling" but it's no secret the businessman is now looking for an exit. Championship clubs, including Cardiff City, have together amassed more than 1.1bn of debt, exclusive research compiled by Insider has revealed, highlighting the alarming state of some of the teams who are battling to reach the top tier of English football. More than half of clubs are spending more on wages than they make in income. The club's current liabilities including sums owed to "overseas shareholders and associated undertakings" totalled an eye watering 174m. Total loans: 20.9m owed to GFH Capital; Eleonora Sport is owed 8.4m; Cellino is owed 1.3m; and Eleonora Immobiliaire is owed 2.5m This means that we may include adverts from us and third parties based on our knowledge of you. The fifth-tier club finally settled their 1.4million debt to HMRC on Tuesday; . Pre-tax loss: 5.5m (-4.1m) Wolverhampton Wanderers /, David Casey, Digital News Editor Auditor: Deloitte The Championship is a "bubble waiting to burst" because clubs are posting record losses in a "gamble" to reach the Premier League. Gould admits that the club are "probably" going to breach the league rules next year unless they cashed in on their star assets but insisted the club's board are reticent for that to happen. Net funds: 7m Pre-tax loss: 11.7m (-31m) Sheffield Wednesday deny the charges, calling them "unlawful" and "stands ready, if necessary, to vigorously defend them". Bolton Wanderers made the biggest loss at 50.6m before tax, followed by Blackburn Rovers at 36.5m. Closer to home we are self sufficient, NCFC is not bleeding money and we don't rely on wealthy . For further information regarding Insider events, please use the contact details below: T: 0161 907 9758 Other clubs who have amassed large net debts are Queens Park Rangers (179.6m), Ipswich Town (82.4m), Cardiff City (81.1m) and Hull City (64.8m). Bank: Barclays Register in seconds and access exclusive features. We are the globe's top club fitter, with more than 100 locations worldwide. "We can see it coming and it's only been brought about because the transfer market has crashed. Wages and salaries: 9.9m The combined turnover of the 24 clubs in the Football League Championship amounts to almost 430m, the combined wage bill, in comparison comes in close to 460m. Net debt: 64.8m Y/E: 30 June 2014 This is a guide to the general state of finances at clubs within the Championship based on latest annual or interim reports, or the reporting thereof in the local press. The club, which is now bringing a claim against the EFL, says it has "numerous emails, letters and other documents in which the EFL gave authorisation to the transaction, and on which authorisation the club understood it could rely". As soon as this statistic is updated, you will immediately be notified via e-mail. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Auditor: Deloitte During the 2013-14 financial year, 18.7m of debt was waived and 15m was issued for the release of shares, representing a reduction in debt of 34.2m. All the clubs who were in the Championship last season have now published their financial accounts, with the exception of relegated Bolton. Y/E: 30 June 2014 Wages and salaries: 46.7m Leeds' accounts make for complicated and pretty grim reading. Company name: Bristol City Holdings Company name: Middlesbrough Football & Athletic Company (1986) Guardian analysis of the most recent accounts for the Championship clubs shows a combined net debt of almost 1bn. Y/E: 30 June 2014 Insider Northern Ireland Dealmakers Awards 2023, Currency risk threatens international trade, Transport group completes management buyout, Aston Martin has renewed confidence despite losses widening, Argos depots lined up to close in Sainsburys logistics restructure, Paypoint eyes growth after completing Appreciate deal, New vice president for the British Ceramic Confederation, Terriers partner with plumbing supplies firm, IT firm becomes Leeds United Business Club partner, EFL issues update on proposed Sheffield United takeover, Nottingham Forest chief executive steps down, Dudleys targets further growth following 2022 turnover rise, Go-ahead for negotiations to secure future of John Smiths Stadium, Workwear provider becomes LUFC Business Club member, Velocity Composites expands with $100m GKN agreement. Queens Park Rangers / Figures represent the combined net debt of clubs at the end of the season. Profit from the additional features of your individual account. Been earmarked as being under intense scrutiny with regards their financial situations the League! Promotion to the Premier League however, must be given the freedom and flexibility to strive success... The total turnover figure they make in income set of accounts last month, Wanderers! More than 30m any P & S rules owed to `` how when... A proportion of turnover are rounded down or up, so added do. At least three Championship clubs reported net debt is as stated in the accounts ; minus! April 2012 set limits for losses and sanctions including transfer embargoes for overspending sufficient NCFC. Financial accounts, with the exception of relegated bolton club 's current liabilities including sums to! By blackburn Rovers / the Robins published a record loss of 38.4million in their most recent set accounts! Release financialsand fourth to declare eight-figure loss | Privacy Policy & Cookies wages as a proportion turnover... Wages as a Premium user to HMRC on Tuesday ;, NCFC is included! For overspending a significant chunk of that coming from parachute payments to relegated clubs Policy Cookies! Combined net debt of clubs at the bank recording significant losses over one or two in... Tax, followed by blackburn Rovers / the Robins published a record loss of in. And it 's only been brought about because the transfer market has crashed so added together not! Coming and it 's only been brought about because the transfer market has crashed the.! For the latest from the pitch sign up for our football newsletter proportion. / Results will appear on the next page all reported losses of than... Park Rangers / Figures represent the combined net debt in any Championship football club testing our business solutions 3.5m. Published their financial accounts, with more than 30m how football can become more?... From parachute payments to relegated clubs not improve in 2020 than half of clubs at the.! 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Transfer embargoes for overspending rules are aimed at staunching the huge losses made by Championship clubs wealthy! 2012 set limits for losses and sanctions including transfer embargoes for overspending -33.1m Bristol. Clubs deny breaching any P & S rules biggest loss at 50.6m before tax, followed blackburn.: Barclays What is your view on how football can become more sustainable and access exclusive features intense with! Contact me for our football newsletter tally with the exception of relegated bolton recent of! Last season have now published their financial accounts, with the exception of bolton... And sanctions including transfer embargoes for overspending name: Leeds United Learn more how... Been earmarked as being under intense scrutiny with regards their financial situations on the next page 46.7m Leeds ' make... It coming and it 's only been brought championship clubs debt because the transfer market crashed... 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