Three-quarters of the clubs in the Championship responded, although it is not known if Huddersfield Town and Sheffield Wednesday were among this number. Tony Stewart took over at The Millers seven years ago from administrations and has helped to steer them to a secure financial footing. Pre-tax profit: 8.5m (-33.1m) Of the clubs in the Championship during 2012-13, only four made a profit, of 8.3m in total. "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.". I was amazed by this table. Total loans: 11.7m Welcome to the 26 th edition of the Deloitte Football Money League, an annual profile of the highest revenue generating clubs in world football. As well as Reading, Derby County were handed points deductions this season. 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 like Bury did in August. 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. Net debt: Not stated The club had a turnover of 19.6m in 2012-13. The fifth-tier club finally settled their 1.4million debt to HMRC on Tuesday; . Turnover: 19.6m (15.3m) 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". Guardian analysis shows that the 24 clubs in the 2012-13 Championship had a collective net debt of almost 1bn. Company name: Fulham Football Club Preston North End Shaun Harvey, the Football League's chief executive, pointed out that means that the winner of Saturdays match will receive the same from one season in the Premier League as from playing in the Championship for the next 30 years. 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. 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. Owned by: Birmingham International Holdings, a Hong Kong-listed group now in receivership 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. Bank: Barclays You only have access to basic statistics. 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. Milton Keynes Dons / We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. Spending on wages in 2017-18 jumped by 11% from the previous year - an 83m increase, according to Deloitte. Y/E: 31 May 2014 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. Net debt of clubs in the. Championship / At least three Championship clubs have been earmarked as being under intense scrutiny with regards their financial situations. In that sense it is a soft debt.". Fulham / Last updated on 12 December 201912 December 2019.From the section Championship. Wolverhampton Wanderers /, Andy Slim, Managing Director, North Something went wrong, please try again later. 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. Business Solutions including all features. Turnover: 30.4m (26.9m) Wages and salaries: 11.8m 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. Statista. You need a Statista Account for unlimited access. Stewart has pumped more than 30m in over the last seven years. 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. Pre-tax profit: 9.4m (-25.6m) He says the club are in dialogue with the EFL but that they could end up in a position next season where "maybe we'll just take the points". As always you can unsubscribe at any time. Pre-tax loss: 5.6m (-3.7m) Both clubs deny breaching any P&S rules. They were a combined 947m in debt, mostly to owners supplying interest-bearing loans to pay wages of players they hope will claim the lucrative prize of Premier League promotion. Turnover: 4.4m (5.3m) ", 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. In accounts posted to Companies House for the year ending May 31, 2020, Stoke say they were hit hard by a combination of the pandemic and the continued ramifications of relegation from the Premier League. Blackburn and Stoke reported a combined net debt of 248m while eight Championship clubs reported net debt in excess of 50m. Despite manager Gary Rowett stabling the Blues' on field performance, the club's off field future is much less certain. Reading / Many teams are recording significant losses over one or two seasons in an attempt to gain promotion to the Premier League. Auditor:Myers Clark Guardian analysis of the most recent accounts for the Championship clubs shows a combined net debt of almost 1bn. The Shrimpers sit sixth in the National League, looking to make a push for the play-offs. Manchester United's huge debts came following the Glazer family's takeover in 2005. Using data from the UEFA Club Licensing Benchmarking Report, which looks at figures from the 2016 financial year, this slideshow reveals the 15 European clubs with the most net debt. 2 Footie clubs in England have racked up tax debts worth over 140 million since the start of the pandemic Credit: Alamy Premier League clubs owe 49.5million in unpaid taxes including VAT.. Bank: Barclays Huddersfield Town / The loans totalling 76m are all owed to Gibson. Wages and salaries: 20.1m 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. 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. "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.". Net debt is as stated in the accounts; debts minus cash held at the bank. Owned by: Venky's London Ltd, owned by V H Group, an Indian company with interests in poultry, processed food, animal vaccines and pharmaceuticals Ipswich Town Championship Club Finances. Turnover: 20.1m (24.2m) 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 Bank: Barclays The EFL charge relates to "how and when" the stadium was sold and its early inclusion in the 2018 accounts. Wages and salaries: 5.7m Company name: Middlesbrough Football & Athletic Company (1986) Derby County / The Championship's FFP rules were introduced in April 2012 set limits for losses and sanctions including transfer embargoes for overspending. Only Real Madrid (605m) and Manchester City (619m . Turnover: 12.7m (11.9m) Queens Park Rangers 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. Despite the hefty debt figure among the Championship's 24 clubs which works out at an average of 48.5m each a recent report by insolvency specialist Begbies Traynor found that Financial Fair Play (FFP) rules are having an impact. Huddersfield's losses for their most recent financial year are expected to be in the region of 6m. Fulham The largest profit was recorded by Blackpool (4.6m profit before tax) followed by Barnsley at 1.9m. Sheffield Wednesday deny the charges, calling them "unlawful" and "stands ready, if necessary, to vigorously defend them". 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. Net debt: 25.6m Pre-tax loss: 7.9m (-7.6m) Turnover: 25.3m (28.6m) The time has come to build on our traditions and write new chapters. Auditor: KPMG EFL chief executive Trevor Birch said of the financial landscape: "Our job is now to safeguard those clubs for generations to come, and I am encouraged by some of the recommendations put forward as part of the fan-led review, which we hope will deliver a healthier, fairer competition for the long-term. .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. Story Saved Net debt: 64.8m Wages and salaries: 46.7m Cellino, who this year served a Football League ban after failing its 'owners' and directors' test', has since claimed Leeds were close to break-even in 2014-15 with their wage bill down to 10.5m. For the first time, Augusta National has been voted the #1 Platinum Club of the World, Golf & Country Clubs. Bristol City's chief executive Richard Gould, speaking to the Telegraph, said of the worrying financial picture at his club: "We've got this big bow wave about to hit us next year on Profit and Sustainability. Of the clubs in the Championship during 2012-13, only four made a. Y/E: 30 June 2014 Pre-tax loss: 6.8m (-4m) Pre-tax loss: 9.8m (-65.4m) 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. "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. For further information regarding Insider events, please use the contact details below: T: 0161 907 9758 Company name: Milton Keynes Dons Auditor: Cvr Global Pre-tax loss: 5.7m (-6m) Pre-tax loss: 42.1m (-36.5m) Pre-tax profit: 167,212 (-477,023) Burnley / Derby County's latest accounts also show them virtually debt free for all intents and purposes. All data was researched and compiled by sports writer, David Conn from the most recently published annual reports at Companies House. If a team has recently been relegated from the Premier League, its limits will be larger - and there are other caveats that allow some clubs to spend beyond the 39m limit. Don't miss out on any Football League action with our EFL72 email update! The sale of Joe Gomez to Liverpool will no doubt help to balance the books in 2015/16. 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. Wages and salaries: 27.6m 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. Company name: The Huddersfield Town Association Football Club Clearly intent on promotion, he has continued to back Aitor Karanka's side in the transfer market and will expect them to be challenging come May. Brentford / Company name:Rotherham United Football Club (RUFC) Ltd Company name: Bristol City Holdings On Wednesday, Georgia police announced a warrant for Carter's arrest on suspicion of reckless driving and racing. Nottingham Forest / Seminole. A company called Trillion Trophy Asia Ltd is in talks with receivers from EY to buy the club. Pre-tax loss: 9.5m (-13m) Closer to home we are self sufficient, NCFC is not bleeding money and we don't rely on wealthy . Club-by-club guide to Championship finances Championship clubs rack up 1bn debt. View all Wales newsView more Wales news, Birmingham City / Turnover: 3.3m (3.9m) Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP) [Graph]. Net debt: Not stated Company name: Reading Football Club Ltd The Debt figures should be treated with caution as clubs have many different arrangements for dealing with this through either private individuals . Y/E: 31 May 2014 If that is exceeded, clubs will face a transfer embargo, or a fine if they are promoted. 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. Company name: W.W. (1990) Ltd Invited. Type in the area above to perform a search. 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. Auditor: Deloitte 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. Company name: Blackburn Rovers Football and Athletic 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. Bristol City Of the 24 sides in the Championship, Town's net debt figure of 62.3m is only the 10th-highest, and the most recent . 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. A season of Championship football and its associated TV money will have increased 2015's turnover significantly. It added: "But it is important to acknowledge that the majority of EFL clubs are well supported by experienced owners and their boards, who are very aware of the economic challenges faced when operating a football club.". The club has amassed almost 30m of debt with HMRC, owes a further 20m to the US. PNE lost 16.8m on 13.8m revenue, wages to turnover at 176%, (interest-free) gross debt up to 77.4m. Turnover: 12.8m (14.2m) Company name: Leeds United Football Club As always you can unsubscribe at any time. Huddersfield Town Nottingham Forest / Auditor: Levy + Partners Birmingham City Y/E: 30 June 2014 As a Premium user you get access to background information and details about the release of this statistic. Owned by: Matthew Benham, a betting industry tycoon and owner of Danish side FC Midtjylland 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 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. Burnley / Huddersfield Town / Up to 77.4m in 2005 Football League action with our EFL72 email update and `` stands,... To be in the ways you 've consented to and improve our understanding of you shows combined! 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