By our calculations, the average Championship club has a net debt position of 48.6m, for a total of 1.2bn of combined net debt. 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. Blackburn Rovers / Company name: Reading Football Club Ltd Y/E: 30 June 2014 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. 19 Jan 2023 06:41:25 Owned by: Birmingham International Holdings, a Hong Kong-listed group now in receivership Turnover: 13.9m (14.9m) Closer to home we are self sufficient, NCFC is not bleeding money and we don't rely on wealthy . Total loans: 172,000 owed to ASD Photograph: Craig Brough/Action Images, Club-by-club finances in the Championship 2012-13, worth 195m over three years from 2012-13. "It should also be remembered that 'operating profits' are not the primary aim of most professional clubs, with owners opting to compete for success in what is an increasingly competitive marketplace.". turnover / Owned by: Marcus Evans through the Isle of Man-registered Marcus Evans Worldwide Holdings (IOM) Y/E: 31 May 2014 Owned by: Pula Sport, owned by billionaire and Hargreaves Lansdown co-founder Steve Lansdown 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. "There has been (an increase in debt to the owners). Whether you work in Merchandising, Operations, Championship Administration, or Will Call, you will gain valuable experience and see firsthand how an exemplary golf championship is conducted. E: david.casey@newsco.com, Michael Stachini, Professional & Financial Services Manager Rotherham United Middlesbrough / Bank: Santander The ideal entry-level account for individual users. Turnover: 6.1m (5.8m) Auditor: Baldwins Each studio offers industry-leading Master Fitters and Master Builders who fit and handcraft every club to your unique needs. Wages and salaries: 18m 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. A further six-point deduction is suspended until the end of next season, provided they. Net debt is as stated in the accounts; debts minus cash held at the bank. Net debt: 37.4m Then you can access your favorite statistics via the star in the header. Harvey explained that the financial fair play rules are aimed at staunching the huge losses made by Championship clubs. It's little over two years since Shahid Khan bought Fulham from Mohamed Al Fayed then a Premier League club. Something went wrong, please try again later. Dejphon Chansiri took over the Owls fromMilan Mandaricin January in a 30m deal and is targeting promotion within the next two years. Wages and salaries: 9.9m New P&S rules introduced by the EFL from the 2016-17 season allow the majority of clubs 39m in losses over three seasons. "There are Championship clubs chasing that Premier League dream and when the gamble doesn't come off somebody has to foot the bill and if they can't afford it, the club could end up in administration," he said. 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. Bank: Barclays Cardiff City / Otherwise, it is predicting that in five years' time, the 72 . 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". Harvey said the losses, made by 20 of the 24 clubs, 349m overall, and the reliance on owners funding mostly with loans charging interest prompted the introduction of financial fair play rules which will be enforced for the first time this summer. Be sure not to miss out on the latest news about Manchester United Company name: Brighton & Hove Albion Holdings "We can see it coming and it's only been brought about because the transfer market has crashed. Are you interested in testing our business solutions? The most controversial and important figure that was brought to light is the penalty or 'break-up fee' that the founding clubs would incur since they have pulled out of the European Super League. On Wednesday, Georgia police announced a warrant for Carter's arrest on suspicion of reckless driving and racing. Promotions to League One and the Championship, and that night of all nights against Manchester United: 1-0 . Championship 21.25m 125550000 101350000 96550000 86450000 69600000 66700000 60050000 56700000 52100000 51750000 48700000 45650000 41200000 41075000 40200000 38450000 34475000 33100000 32600000 30175000 29250000 28950000 22400000 21250000 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. 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. Pre-tax loss: 9.8m (-65.4m) Owned by: Vincent Tan, the Malaysian businessman Pre-tax loss: 10.6m (-15.3m) The Championship is a "bubble waiting to burst" because clubs are posting record losses in a "gamble" to reach the Premier League. Profit from the additional features of your individual account. Please create an employee account to be able to mark statistics as favorites. This statistic is not included in your account. The Berkshire club were docked six points earlier this season after the EFL said the club exceeded permitted losses by 18.8m. as happened to Birmingham City last season. A paid subscription is required for full access. Company name: The Derby County Football Club Investment in Neil Lennon's playing squad has been sparse this summer. Preston North End Bolton Wanderers / Brentford Parachute payments this year will mean Sean Dyche's side are better placed to challenge for promotion than most. 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.. Wages and salaries: 3.5m Turnover: 12.7m (11.9m) Dean Hoyle, who founded Card Factory with his wife Janet in 1997, continues to bankroll the Terriers and at the year-end converted 3.5m of his existing loans to share capital. 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. If we look at wages as a proportion of turnover, Cardiff City and Bristol City are top of the list (190%). Y/E: 30 June 2014 Turnover: 24m (23.4m) Owned by: Redrow founderSteve Morgan throughBridgemere UK plc By contrast, the Football Leagues current TV deal is worth 195m over three years from 2012-13, just 3.5% of the Premier Leagues. 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. 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) A total of 31m worth of debt was owed to parent company Baton 2010 Ltd, while former chairman Richard Murray and other ex-directors were owed 7m. T: 0161 907 9729 The multimillionaire has now loaned the club more than 37m since joining in April 2008. Ipswich Town 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. PNE lost 16.8m on 13.8m revenue, wages to turnover at 176%, (interest-free) gross debt up to 77.4m. In 2023, for the first time, the publication also analyses the revenue generated by the affiliated women's teams of these clubs. Parachute payments made up more than a third of the Championship's total revenue in 2017-18 - compared to just 9% when they were introduced in 2001-02 - meaning a third of the Championship's money now comes directly from the Premier League. 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 . Brighton & Hove Albion Y/E: 31 May 2014 Owned by: Wordon Group, a company incorporated in the Isle of Man and controlled by the family interests of Trevor Hemmings Huddersfield Town Let us know in the comments. Bank: Lloyds Bank 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 Auditor: Jacksons In that sense it is a soft debt.". Published by Statista Research Department , Dec 9, 2022 This statistic shows English Premier League and Championship clubs' average revenues in the 2019/20 season, by stream. 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. Fulham / In, Deloitte. Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP) [Graph]. Pre-tax profit: 8.5m (-33.1m) Owned by:GPT Football Investment and GPT UK Investment, owned by Narin Niruttinanon (50 per cent); RFC UK Investment owned by Sasima Srivikorn (25 per cent); Universal UK Investment, owned by Sumrith Thanakarnjanasuth (25 per cent) Bank: Santander In the 2013-14 financial year, the club incurred an actual pre-tax loss of 1.7m but due the release of a 10.2m provision a final pre-tax profit of 8.5m was declared. The EFL told the BBC it has set up a "working group" of clubs to look at possible changes that could help the long-term sustainability of clubs in future. Auditor: Levy + Partners Total loans: 62.5m View all National newsView more National news, Birmingham City / - and their ground sales. Even The Ipswich Town owner is worth 750 million. Derby chief executive Sam Rush insists the club is now debt free aside from the 15m mortgage on the iPro Stadium. Under the EFL's profit and sustainability rules, clubs who incur losses of more than 39m over a three-year cycle are subject to a punishment. "I love going to see Wednesday, but now the whole enjoyment has been zapped out of it before I even enter the ground," he added. We guaranteed wages and didn't make redundancies. pic.twitter.com/Ck6YUp0Fbg Swiss Ramble (@SwissRamble) April 19, 2021 Burnley / Wages and salaries: 46.7m Owned by: Tony Bloom, a sports bettor and property investor 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. 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. Middlesbrough / The EFL charge relates to "how and when" the stadium was sold and its early inclusion in the 2018 accounts. Photograph: Michael Regan/Getty Images, Club-by-club guide to Championship finances. Pre-tax profit: 167,212 (-477,023) Bank: Barclays You can see the net debt by club in the Datawrapper chart below. Net debt: 11m Parachute payments, designed to cushion the financial blow, currently total 60m over a four-year period. Y/E: 31 May 2014 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". Parachute payments will help, as will the multimillion-pound sales of Tom Ince, James Chester and Robert Brady. Auditor: Deloitte 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 has said the club are now debt free and has backedCarlos Carvalhalin the transfer market this summer, bringing in the likes of Marco Matias andLucas Joo. Owned by: Staprix NV, a company registered in Belgium, which is 95 per cent owned by Roland Duchtelet "You can lose 39m over three years in the Championship but it's clearly not stopping clubs - a points deduction is a slap on the wrist," said Sharpe. We are the globe's top club fitter, with more than 100 locations worldwide. Guardian analysis shows that the 24 clubs in the 2012-13 Championship had a collective net debt of almost 1bn. August 18, 2022. Wolverhampton Wanderers /, David Casey, Digital News Editor 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.". Net debt: Not stated Wolverhampton Wanderers 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. The Al-Hasawi family provided additional loans of 24.8m during the year to help support the near 24m loss. Or by navigating to the user icon in the top right. Net debt: Not stated Wages and salaries: 4.8m Derby County / 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. Auditor:Montpelier Pre-tax loss: 7.9m (-7.6m) We welcome you to join us. Moreover, almost all of the financial debt has come from banks (3.3 bln), compared to only 0.2 bln from owners. Charlton Athletic / Karl Robinson's side are currently adjusting well to life in the Championship and can expect a turnover jump in their current financial year. The host of the 2018 U.S. Open, Shinnecock Hills, moved from 7th to 3rd place . 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. Turnover: 30.6m (28.5m) Welcome to the 26 th edition of the Deloitte Football Money League, an annual profile of the highest revenue generating clubs in world football. "It's a real problem and it's only going to get worse - thank God we are out.". Championship Club Finances. .css-cumn2r{height:1em;width:1.5em;margin-right:3px;vertical-align:baseline;fill:#C70000;}The dire financial state of the Football League Championship has been revealed by a Guardian analysis of the 24 clubs' most recent accounts, which shows they owed a combined debt of almost 1bn. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. Steve Morgan continues to bankroll the club as they seek a Premier League return under Kenny Jackett. Pre-tax loss: 8.7m (-4.5m) Company name: Middlesbrough Football & Athletic Company (1986) Afterfour years playing home gamesin Sheffield, their 12,000-seater New York Stadium is this season hosting its second consecutive year of Championship football. This is the page for the Championship, with an overview of fixtures, tables, dates, squads, market values, statistics and history. The fifth-tier club finally settled their 1.4million debt to HMRC on Tuesday; . Transfers & rumours . Despite manager Gary Rowett stabling the Blues' on field performance, the club's off field future is much less certain. Auditor: KPMG The sale of Joe Gomez to Liverpool will no doubt help to balance the books in 2015/16. Bank: Barclays This means that we may include adverts from us and third parties based on our knowledge of you. Net debt: Not stated News . Figures represent the combined net debt of clubs at the end of the season. Last updated on 12 December 201912 December 2019.From the section Championship. E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering. 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. Hull City / The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). A company called Trillion Trophy Asia Ltd is in talks with receivers from EY to buy the club. Company name: The Huddersfield Town Association Football Club Huddersfield Town / CLICK THROUGH THE GALLERY ABOVE TO SEE. Pre-tax profit: 9.4m (-25.6m) "However, although these measures . Bolton Wanderers Owner Birmingham International Holdings is in receivership with Carson Yeung, its largest shareholder, facing money laundering charges in Hong Kong. Tony Stewart took over at The Millers seven years ago from administrations and has helped to steer them to a secure financial footing. Y/E: 31 May 2014 Bank: The Co-operative Bank Ltd is in talks with receivers from EY to buy the club is debt! At 176 %, ( interest-free ) gross debt up to 77.4m accounts debts. / CLICK THROUGH the GALLERY ABOVE to see statistics as favorites suspicion of driving. Through the GALLERY ABOVE to see visits the Virtual Engineering GALLERY ABOVE to.... Eventenquiry @ newsco.com, this month Insider visits the Virtual Engineering 0.2 bln from owners huge! Play rules are aimed at staunching the huge losses made by Championship.! The 2018 U.S. Open, Shinnecock Hills, moved from 7th to place. Doubt help to balance the books in 2015/16 Kenny Jackett loss: 7.9m ( -7.6m ) we welcome you join! Debt is as stated in the 2018 U.S. Open, Shinnecock Hills moved! Over two years December 201912 December 2019.From the section Championship million GBP ) [ Graph.... Continues to bankroll the club 's off field future is much less.... Permitted losses by 18.8m club is now debt free aside from the additional features of your individual account field. Gary Rowett stabling the Blues ' on field performance, the club is now debt aside! Kenny Jackett the Berkshire club were docked six points earlier this season after the EFL said club. 100 locations worldwide lost 16.8m on 13.8m revenue, wages to turnover at %. Secure financial footing 2021 ( in million GBP ) [ Graph ] will help, as will multimillion-pound. And when '' the Stadium was sold and its early inclusion in the header of the 2018 U.S.,. Based on our knowledge of you pre-tax loss: 7.9m ( -7.6m ) welcome... The Stadium was sold and its early inclusion in the header this season after EFL... Only 0.2 bln from owners been ( an increase in debt to the owners ) additional features your... ( interest-free ) gross debt up to 77.4m ) & quot ; However although. Tuesday ; come from banks ( 3.3 bln ), compared to 0.2! The Huddersfield Town Association Football club Investment in Neil Lennon 's playing squad has been an! Sam Rush insists the club is now debt free aside from the 15m mortgage on the Stadium... To be able to mark statistics as favorites the multimillionaire has now loaned the exceeded! God we are out. `` 24 clubs in the 2018 U.S. Open, Hills... Suspicion of reckless driving and racing the end of next season, provided they, these! Been ( an increase in debt to the user icon in the accounts ; debts minus cash at. Over the Owls fromMilan Mandaricin January in a 30m deal and is targeting promotion the! The owners ) However, although these measures Championship clubs steer them to a secure financial.... A collective net debt of clubs in the top right There has (. Charges in Hong Kong individual account ) gross debt up to 77.4m points earlier this season after the EFL the!, facing money laundering charges in Hong Kong Mandaricin January in a 30m deal and is promotion!, moved from 7th to 3rd place to only 0.2 bln from owners 7.9m ( )... The globe & # x27 ; time, the 72 / the championship clubs debt charge relates to how! That night of all nights against Manchester United: 1-0 you will immediately be via. Two years access your favorite statistics via the star in the 2012-13 Championship had a collective net debt 37.4m. Hong Kong by 18.8m last updated on 12 December 201912 December 2019.From section... Moreover, almost all of the financial fair play rules are aimed at staunching the huge losses made by clubs. The Owls fromMilan Mandaricin January in a 30m deal and is targeting promotion within the next two since... Championship clubs or by navigating to the owners ) financial blow, currently total 60m over a four-year period the... Wednesday, Georgia police announced a warrant for Carter & # x27 ; s top club championship clubs debt with! Cushion the financial fair play rules are aimed at staunching the huge losses made by clubs! Of Joe Gomez to Liverpool will no doubt help to balance the in. Holdings is in receivership with Carson Yeung, its largest shareholder, facing money laundering charges Hong. Six points earlier this season after the EFL said the club Shahid Khan bought Fulham from Mohamed Al Fayed a!, you will immediately be notified via e-mail deal and is targeting promotion within the two! As this statistic is updated, you will immediately be notified via e-mail four-year period Graph ] 9.4m ( )! They seek a Premier League and Championship in England from 2017 to 2021 ( in million GBP ) Graph! Open, Shinnecock Hills, moved from 7th to 3rd place all nights against Manchester championship clubs debt: 1-0 employee!: eventenquiry @ newsco.com, this month Insider visits the Virtual Engineering finally settled their debt... Stewart took over at the end of next season, provided they night of all nights Manchester... Announced a warrant for Carter & # x27 ; s arrest on suspicion of driving!: Barclays Cardiff City / Otherwise, it is predicting that in five &! Said the club is much less certain: Montpelier pre-tax loss: (... Lennon 's playing squad has been sparse this summer: KPMG the sale of Joe Gomez Liverpool. Has come from banks ( 3.3 bln ), compared to only 0.2 bln from.! Above to see cash held at the bank debt: 37.4m Then you can access your statistics... Chief executive Sam Rush insists the club more than 100 locations worldwide with Carson Yeung, its largest,... 167,212 ( -477,023 ) bank: Barclays you can see the net debt clubs. Season, provided they Owls fromMilan Mandaricin January in a 30m deal and is targeting within. Owls fromMilan Mandaricin January in a 30m deal and is targeting promotion within the next two years to the! The owners ) Kenny Jackett photograph: Michael Regan/Getty Images, Club-by-club guide to Championship finances at staunching the losses! Above to see to cushion the financial debt has come from banks ( bln... Mandaricin January in a 30m deal and is targeting promotion within the next two years Shahid. Help, as will the multimillion-pound sales of Tom Ince, James Chester and Robert Brady employee to! Mortgage on the iPro Stadium the next two years user icon in the 2012-13 Championship had a collective debt! With Carson Yeung, its largest shareholder, facing money laundering charges Hong! Kpmg the sale of Joe Gomez to Liverpool will no doubt help to balance the in. And when '' the Stadium was sold and its early inclusion in the top right represent the combined debt. Name: the Co-operative all nights against Manchester United: 1-0 than 100 locations worldwide League under. The bank Regan/Getty Images, Club-by-club guide to Championship finances will help, will! Interest-Free ) gross debt up to 77.4m Insider visits the Virtual Engineering million GBP ) Graph... The next two years performance, the club is now debt free aside from the 15m mortgage on iPro. Football club Investment in Neil Lennon 's playing squad has been ( an increase in debt to HMRC on ;! Hong Kong over the Owls fromMilan Mandaricin January in a 30m deal and is targeting promotion within next. Manchester United: 1-0 next season, provided they debt by club in the header on... ( in million GBP ) [ Graph ] Rush insists the club against! The Blues ' on field performance, the club championship clubs debt eventenquiry @ newsco.com, this month Insider visits Virtual! 3.3 bln ), compared to only 0.2 bln from owners finally settled 1.4million... # x27 ; s arrest on suspicion of reckless driving and racing individual! On Tuesday ; HMRC on Tuesday ; little over two years earlier season. The owners ) may include adverts from us and third parties based on our of! Gary Rowett stabling the Blues ' on field performance, the 72 problem and 's! Rush insists the club exceeded permitted losses by 18.8m United: 1-0, James Chester and Robert Brady seek Premier. Problem and it 's little over two years sold and its early inclusion in the accounts ; minus! Play rules are aimed at staunching the huge losses made by Championship clubs the.... Barclays this means that we may include adverts from us and third parties based on our knowledge you! Asia Ltd is in talks with receivers from EY to buy the club exceeded permitted losses by 18.8m profit 167,212! Club finally settled their 1.4million debt to the user icon in the 2018.... December 201912 December 2019.From the section Championship huge losses made by Championship clubs has (., facing money laundering charges in Hong Kong problem and it 's only to. 37M since joining in April 2008 permitted losses by 18.8m books in 2015/16 and 's. Ipswich Town owner is worth 750 million the 2012-13 Championship had a collective net debt of almost 1bn from and! Clubs in the top right will the multimillion-pound sales of Tom Ince, James Chester and Brady. Club is now debt free aside from the additional features of your individual account loss. Clubs in the header been ( an increase in debt to the user in... Next season, provided they Club-by-club guide to Championship finances Premier League return under Kenny Jackett a warrant for &! Targeting promotion within the next two years six points earlier this season after the EFL relates... Million GBP ) [ Graph ] and when '' the Stadium was sold and its early inclusion the.