Preston North End are the fourth 2021/22 Championship club to release financialsand fourth to declare eight-figure loss. Investment in Neil Lennon's playing squad has been sparse this summer. Wages and salaries: 9.9m We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. This means that we may include adverts from us and third parties based on our knowledge of you. HOW much debt was each Championship club in after last season? The club lost a staggering 20.3m as falling gate receipts and TV revenue contributed to a drop in turnover. Guardian analysis of the most recent accounts for the Championship clubs shows a combined net debt of almost 1bn. Results will appear on the next page. Pre-tax loss: 5.6m (-3.7m) Wages and salaries: 24m The crash took place before 3 a.m. on Jan. 15., just hours after the Bulldogs finished celebrating their national championship victory at Sanford Stadium. Premier League clubs' revenues increased by 8% to c.4.9 billion in 2020/21 following the previous season's drop, which was the first year-on-year fall in total revenue in the Premier League's history. statistic alerts) please log in with your personal account. Owned by: Matthew Benham, a betting industry tycoon and owner of Danish side FC Midtjylland THE CLUB CHAMPION DIFFERENCE: IMPROVE YOUR GOLF GAME WITH A CUSTOM GOLF CLUB FITTING. Otherwise, it is predicting that in five years' time, the 72 . Net debt: 14.6m Owned by: Birmingham International Holdings, a Hong Kong-listed group now in receivership Action has been precipitated by the large amount of debt which the Football League sees its clubs carrying unless action is taken now. Pre-tax loss: 11.7m (-31m) Our unprecedented collection of more than 200 golf and country, city, and stadium clubs share a common goal- building relationships and enriching lives. Burnley / As soon as this statistic is updated, you will immediately be notified via e-mail. One source has told SSN they have never seen such a high level of debt in any Championship football club. He said he "would not be surprised" if in the next five years a Championship club entered administration and dropped out of the Football League. Net debt: Not stated Blackburn Rovers / Wages and salaries: 8.9m You can find the financial figures for 2012-13 for the 24 clubs in the downloadable spreadsheet below. The Football League imposed a transfer embargo last December which has restricted manager Dougie Freedman from reshaping his squad this summer in the way he would've perhaps liked. Company name:Sheffield Wednesday Football Club 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. The Robins published a record loss of 38.4million in their most recent set of accounts last month. Company name: Brentford FC Ltd Brighton & Hove Albion / Something went wrong, please try again later. Championship Club Finances. Wages and salaries: 13.9m Huddersfield Town / How much money did they spend on wages and how much profit did they make? Net debt: 37.4m 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. Dejphon Chansiri took over the Owls fromMilan Mandaricin January in a 30m deal and is targeting promotion within the next two years. Auditor: Cassons Business Advisers 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. The club's overall revenue of 594million saw them climb from seventh to third in the Deloitte Football Money League for 2021-22. In the 2012-13 season, the year of the most recently published accounts, when Hull City, Cardiff City and Crystal Palace were promoted, the 24 Championship clubs spent more collectively on wages, 460m, than their entire income, 430m. He added: "People talk about a new TV deal but it will all just go back to the players ultimately and the clubs and owners that want to gamble will just give out higher wages. Chairman Phil Gartside described Eddie Davies' support as "humbling" but it's no secret the businessman is now looking for an exit as Wanderers' dream of a return to the Premier League dwindles. They immediately put the club into a debt of 525m after taking out several big loans. Vysyble says more than half of clubs are spending more on wages than they make in income. Turnover: 20.1m (24.2m) In 2017-18 those receiving parachute payments had a total revenue of 51m against 21m for those without. I was amazed by this table. The EFL determined the Royals lost 57.8m between 2017 and 2021 - the EFL's limit for that period is 39m. After two successive relegations, Wolves secured promotion from League One at the first time of asking and enjoyed a successful 2014-15 season back in the Championship. Net debt: 81.1m Net debt: Not stated Bank: The Co-operative Bank Business Solutions including all features. Pre-tax loss: 7.1m (-7.1m) Closer to home we are self sufficient, NCFC is not bleeding money and we don't rely on wealthy . Turnover: 79.9m (14.6m) Bristol City / "However, although these measures . Owned by: Shahid Khan, a US-based billionaire who also owns Jacksonville Jaguars in the NFL, via Cougar Holdco London Ltd and Bermuda investment company Big Cat Holdings Hull City Charlton Athletic / Air Asia tycoon Tony Fernandes and steel magnate Lakshmi Mittal wrote off loans worth 60m during the year, but QPR's accounts nevertheless make for grim reading. You need a Statista Account for unlimited access. Auditor: Baldwins 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. ", Deloitte, Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP) Statista, https://www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/ (last visited March 01, 2023), Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP) [Graph], Deloitte, August 18, 2022. Detailed. For the first time, Augusta National has been voted the #1 Platinum Club of the World, Golf & Country Clubs. Increasingly club owners are having to invest more money just to avoid relegation and that cannot continue indefinitely as owners will run out of money and football could run out of owners, Harvey said. 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Joint-chairman John Coates said at the time: "Clearly we've had a Covid-affected year and we didn't take any Governmental help. - Championship debt hits 1.1bn What is your view on how football can become more sustainable? Wages and salaries: 20.1m Both clubs deny breaching any P&S rules. Owned by: Staprix NV, a company registered in Belgium, which is 95 per cent owned by Roland Duchtelet Auditor: KPMG 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. Sheffield Wednesday deny the charges, calling them "unlawful" and "stands ready, if necessary, to vigorously defend them". Total loans: 62.5m Huddersfield's losses for their most recent financial year are expected to be in the region of 6m. Losses / Preston North End The Bluebirds stemmed losses during the season under review, which covered their 2013/14 Premier League campaign, but the cash owed to chairman Vincent Tan continued to rise. "There has been (an increase in debt to the owners). Currently, you are using a shared account. Each studio offers industry-leading Master Fitters and Master Builders who fit and handcraft every club to your unique needs. Sitemap | Terms & Conditions | Privacy Policy & Cookies. Net debt: Not stated Turnover: 10.8m (11.3m) Even The Ipswich Town owner is worth 750 million. Auditor: Deloitte Read about our approach to external linking. But if they don't achieve promotion, they will have to cut spending significantly in the third season - by possibly selling players or assets - to bring them under the 39m limit. 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. 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 . 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. Milton Keynes Dons / Chairman Phil Gartside has previously described Davies' support as "humbling" but it's no secret the businessman is now looking for an exit. E: michael.stachini@newsco.com, Next article: Cardiff City ranked in Championship debt table, Previous article: Jobs lost following signage manufacturer collapse, Newsco Insider Limited | Registered in England and Wales with Number 02709518 rights reserved CLICK THROUGH THE GALLERY ABOVE TO SEE. Y/E: 30 June 2014 Pre-tax loss: 9.5m (-13m) By using our services, you agree to our use of cookies. Company name: Fulham Football Club Hull City / Since the 2015 year-end, Rovers have sold Rudy Gestede to Aston Villa and the departure of top striker Jordan Rhodes to help balance the books remains a possibility. Rotherham United If a club does go up they receive promotion bonuses and their P&S limit is increased to more than 100m, meaning some sides are running up big losses over one or two years in a bid to make it up to the Premier League. Combined turnover totalled 646.4m with a significant chunk of that coming from parachute payments to relegated clubs. 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. Auditor: KPMG Brentford / Invited reflects our proud history of inclusiveness and captures our welcoming spirit. Wages and salaries: 5.7m Y/E: 30 June 2014 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. Most Super Bowl wins by NFL team 1967-2023, Average ticket price in the NFL by team 2021, FIFA World Ranking: top male soccer teams 2022, Athletic footwear global market share by company 2015, Health & Fitness Clubs - Statistics & Facts, Sporting goods industry in the U.S. - statistics & facts, Profit from additional features with an Employee Account. News . Turnover: 6.1m (9.9m) Turnover: 30.4m (26.9m) Use Ask Statista Research Service. This is a 63 per cent reduction in the number of financially stressed football clubs since the survey was last carried out in March 2014. Huddersfield Town / Tony Stewart took over at The Millers seven years ago from administrations and has helped to steer them to a secure financial footing. 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. Premier League / - Championship debt hits 1.1bn - Losses break the 200m mark Birmingham City Company name: Birmingham City plc Owned by: Birmingham International Holdings, a Hong Kong-listed group now in receivership Turnover: 20.1m (24.2m) Pre-tax loss: 5.5m (-4.1m) Net debt: Not stated Total loans: 11.7m Wages and salaries: 18m Bank: HSBC Birmingham say since their points deduction they have worked to ensure compliance with all necessary regulations. Turnover: 16.5m (15.4m) By using our services, you agree to our use of cookies. "The pyramid is the lifeblood of the game - it has endured for over 100 years and we have to ensure its future for the next 100 years. Welcome to the 26 th edition of the Deloitte Football Money League, an annual profile of the highest revenue generating clubs in world football. Net debt: 47.1m Parachute payments will help, as will the multimillion-pound sales of Tom Ince, James Chester and Robert Brady. Y/E: 30 June 2014 They loaned it 11m, according to the accounts, before in turn selling to the Italian-US businessman Massimo Cellino. Wages and salaries: 46.7m There have been questions raised about some clubs - including. Derby chief executive Sam Rush insists the club is now debt free aside from the 15m mortgage on the iPro Stadium. Net debt: 64.8m Net debt: 82.4m Ipswich Town / Then you can access your favorite statistics via the star in the header. Of the 24 sides in the Championship, Town's net debt figure of 62.3m is only the 10th-highest, and the most recent . If we look at wages as a proportion of turnover, Cardiff City and Bristol City are top of the list (190%). This increase is largely due to a c.1 billion (43%) increase in broadcast revenue, owing to rebates and deferrals in the previous (19/20) season. Auditor: Deloitte Preston North End / League Two / Blackburn Rovers / Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP) [Graph]. Pre-tax loss: 5.5m (-4.1m) The host of the 2018 U.S. Open, Shinnecock Hills, moved from 7th to 3rd place . Or by navigating to the user icon in the top right. 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. Learn more about how Statista can support your business. Rotherham United / The Rams were docked 12 points for entering administration before a further nine-point docking for historical financial breaches. View all Wales newsView more Wales news, Birmingham City / Manchester United's huge debts came following the Glazer family's takeover in 2005. Chart. Derby County / Photograph: Michael Regan/Getty Images, Club-by-club guide to Championship finances. 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. He continues to cover the club's ongoing losses and is committed to funding future losses as the Seagulls seek promotion under Chris Hughton. Cardiff City / 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.. Y/E: 30 June 2014 Parachute payments this year will mean Sean Dyche's side are better placed to challenge for promotion than most. 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. Pre-tax loss: 6.8m (-4m) Turnover: 3.3m (3.9m) We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. You only have access to basic statistics. Brighton remain reliant on investment from Tony Bloom all loans are owed to him and are interest-free. Wages and salaries: 17.9m Y/E: 30 June 2014 Owned by: Gibson O'Neill Company, which is itself wholly owned by Steve Gibson and Mike O'Neill "Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP)." debt / Wolverhampton Wanderers /, David Casey, Digital News Editor The debt figure paints an alarming picture of the difficulties for many clubs to adjust to life in the Championship after dropping out of the Premier League. The 'red flag' signs of early financial distress in the 72 clubs in the Championship and Leagues One and Two virtually doubled, rising from 17 English clubs last year to 33 in March 2021. . All the clubs who were in the Championship last season have now published their financial accounts, with the exception of relegated Bolton. You can see the net debt by club in the Datawrapper chart below. 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. The EFL charge relates to "how and when" the stadium was sold and its early inclusion in the 2018 accounts. 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. Nottingham Forest / Owned by: Redrow founderSteve Morgan throughBridgemere UK plc Clubs - Championship 22/23 . Company name: Charlton Athletic Football Company Bolton Wanderers / Pre-tax loss: 7.9m (-7.6m) Statista. New P&S rules introduced by the EFL from the 2016-17 season allow the majority of clubs 39m in losses over three seasons. This means that we may include adverts from us and third parties based on our knowledge of you. A further six-point deduction is suspended until the end of next season, provided they. The EFL said: "The Premier League does remain an important part of the financial mix across the EFL through the provision of parachute payments and contracted solidarity payments," adding that "this assists in providing clubs with increased clarity when making long-term financial commitments.". As always you can unsubscribe at any time. Company name: The Huddersfield Town Association Football Club Turnover: 20.2m (15.4m) These comprehensive custom club fittings help you play . Click here for full club-by-club analysis featuring turnover, ownership, debts, wage bills and the current financial state each are in. Spending on wages in 2017-18 jumped by 11% from the previous year - an 83m increase, according to Deloitte. Pre-tax loss: 20.4m (-18.5m) Bristol City / Company name: Hull City Tigers Owner Birmingham International Holdings is in receivership with Carson Yeung, its largest shareholder, facing money laundering charges in Hong Kong. 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. Accessed March 01, 2023. https://www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/, Deloitte. Karl Robinson's side are currently adjusting well to life in the Championship and can expect a turnover jump in their current financial year. Many teams are recording significant losses over one or two seasons in an attempt to gain promotion to the Premier League. Last May the Potters posted huge pre-tax losses of 88m. Auditor: Deloitte 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). Insider Northern Ireland Dealmakers Awards 2023, Cardiff City ranked in Championship debt table, Jobs lost following signage manufacturer collapse, High street retailer signs up to Wrexham site, Construction taking shape at Bellway site in Deeside, Strong year lined up by Wynne Construction, Kier wins Net Zero carbon teaching block project, Employees strike deal for nursery business, Funding secured for regeneration of Newport building, Liverpool FC in strong position following record revenue, Manchester City unveil plans for year-round entertainment destination, Terriers partner with plumbing supplies firm, Plans confirmed for independent football regulator, IT firm becomes Leeds United Business Club partner, EFL issues update on proposed Sheffield United takeover, Nottingham Forest chief executive steps down. Turnover: 6.1m (5.8m) Reading Wages and salaries: 18m Y/E: 31 May 2014 August 18, 2022. Y/E: 31 May 2014 Company name: Blackburn Rovers Football and Athletic 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. Brentford Wages and salaries: 34.5m Pre-tax loss: 20.3m (-9.4m) Turnover: 19.6m (15.3m) Club name Squad age Foreigners market value Total market value : 629: 26.4 Years: 315: 1.99m: 1.25bn: Watford FC : 30: 26.1: 24: 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. Photograph: Craig Brough/Action Images, Club-by-club finances in the Championship 2012-13, worth 195m over three years from 2012-13. 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. Wages and salaries: 14.5m 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) View all National newsView more National news, Birmingham City / Bank: Barclays Pre-tax loss: 9.8m (-65.4m) Bank: Lloyds Bank If you are an admin, please authenticate by logging in again. Pre-tax loss: 7.3m (-2.3m) 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. Promotions to League One and the Championship, and that night of all nights against Manchester United: 1-0 . "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.". The Debt figures should be treated with caution as clubs have many different arrangements for dealing with this through either private individuals . [Online]. By contrast, the Football Leagues current TV deal is worth 195m over three years from 2012-13, just 3.5% of the Premier Leagues. In that sense it is a soft debt.". Blackburn Rovers We use cookies to make your experience better. "The Championship is not financially sustainable, it's a bubble waiting to burst," he said. For the latest from the pitch sign up for our football newsletter. Pre-tax loss: 5.7m (-6m) "It's a real problem and it's only going to get worse - thank God we are out.". Cardiff City Auditor:BHP Chartered Accountants "Clubs, however, must be given the freedom and flexibility to strive for success within the parameters of the regulations. Crystal Palace reported profits of 1.6m and Watford's accounts show a profit of 190,000. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The Championship's FFP rules were introduced in April 2012 set limits for losses and sanctions including transfer embargoes for overspending. 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. We've looked at the Premier League finances, now it's time for the Football League Championship clubs' accounts to get the same treatment. The 2023 U.S. Open Championship will be held at The Los Angeles Country Club, Los Angeles, CA June 12-18, 2023, for the first time. Net debt: 79.8m Wages and salaries: 30.1m Sheffield Wednesday / Get full access to all features within our Business Solutions. Y/E: 31 May 2014 "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.". Y/E: 31 May 2014 Y/E: 30 June 2014 Total loans: 76m Huddersfield Town Narin Niruttinanon and his Thai consortium took control at Madejski Stadium in September 2014 and has since admitted it was difficult to "actually understand the magnitude" of how much needed to becommittedto the club.