Wages and salaries: 18m The EFL charge relates to "how and when" the stadium was sold and its early inclusion in the 2018 accounts. The rules allow clubs to lose 3m this year, plus a further 5m if paid in by an owner. Y/E: 31 May 2014 Turnover: 38.7m (60.6m) debt / Bank: Barclays Three-quarters of the clubs in the Championship responded, although it is not known if Huddersfield Town and Sheffield Wednesday were among this number. E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering. During this season,. Afterfour years playing home gamesin Sheffield, their 12,000-seater New York Stadium is this season hosting its second consecutive year of Championship football. Bristol City / Company name: Cardiff City Football Club The newly promoted club have a 20m interest-free loan from Lansdown, who continues to bankroll the Cherries. The financial gap between the top two divisions is the widest since the Football Leagues First Division clubs broke away to form the Premier League in 1992 and stopped sharing their television money with the other three divisions. Are you interested in testing our business solutions? Published less than eight months after the end of the 2021/22 season . Huddersfield Town / Of the clubs in the Championship during 2012-13, only four made a. Turnover: 12.7m (11.9m) Brighton & Hove Albion / pic.twitter.com/Ck6YUp0Fbg Swiss Ramble (@SwissRamble) April 19, 2021 Milton Keynes Dons / Sitemap | Terms & Conditions | Privacy Policy & Cookies. 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. 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. The clubs may have to pay a whooping 130million penalty fee, if they do back out, a huge blow for the Premier League teams that have left the table. A paid subscription is required for full access. Net debt is as stated in the annual accounts of each club; debts minus cash held at the bank. In 2023, for the first time, the publication also analyses the revenue generated by the affiliated women's teams of these clubs. Preston North End Company name:Sheffield Wednesday Football Club Bristol City / Pre-tax loss: 9.1m (-50.7m) What you can expect: More than half of clubs are spending more on wages than they make in income. League Two / The largest profit was recorded by Blackpool (4.6m profit before tax) followed by Barnsley at 1.9m. 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Y/E: 30 June 2014 Hull City / Queens Park Rangers / 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. Owned by: Staprix NV, a company registered in Belgium, which is 95 per cent owned by Roland Duchtelet The analysis, conducted with accountants Deloitte and football finance experts Vysyble, found: This follows the introduction of new profit and sustainability (P&S) rules by the English Football League in 2016-17. 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. One source has told SSN they have never seen such a high level of debt in any Championship football club. CLICK THROUGH THE GALLERY ABOVE TO SEE. Brentford / 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: Then you can access your favorite statistics via the star in the header. Pre-tax loss: 20.3m (-9.4m) He continues to cover the club's ongoing losses and is committed to funding future losses as the Seagulls seek promotion under Chris Hughton. Sheffield Wednesday deny the charges, calling them "unlawful" and "stands ready, if necessary, to vigorously defend them". Net debt of clubs in the. 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. By using our services, you agree to our use of cookies. The three clubs - Wolves, Fulham and Cardiff - to post the highest pre-tax losses all did gain promotion to the Premier League that year. Karl Robinson's side are currently adjusting well to life in the Championship and can expect a turnover jump in their current financial year. If we look at wages as a proportion of turnover, Cardiff City and Bristol City are top of the list (190%). Tony Stewart took over at The Millers seven years ago from administrations and has helped to steer them to a secure financial footing. Wolves and Cardiff provided no comment. Owned by: Chairman Mike Garlick holds a 31.2 per cent stake, while directors including John Banaszkiewicz and Brendan Flood also have shares Compact. 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). 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. You can find the financial figures for 2012-13 for the 24 clubs in the downloadable spreadsheet below. - and their ground sales. Middlesbrough / Meanwhile, Championship clubs saw their combined net debt grow to 1.76 billion British pounds in the same year, following three consecutive years of increases. 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. 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. For the first time, Augusta National has been voted the #1 Platinum Club of the World, Golf & Country Clubs. Parachute payments will help, as will the multimillion-pound sales of Tom Ince, James Chester and Robert Brady. 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). Auditor: Jacksons Leicester City, Wolverhampton Wanderers and Cardiff City all reported losses of more than 30m. Net debt: 81.1m News . On Wednesday, Georgia police announced a warrant for Carter's arrest on suspicion of reckless driving and racing. 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. If Leeds get promoted before 2017-18, they will have to pay 4.75m to the liquidator of Leeds United Association Football Club Ltd. Middlesbrough Net debt: Not stated The EFL said that it has "demonstrated that appropriate action will be taken in accordance with our regulations when breaches are identified". Bank: Lloyds Bank 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. Wolverhampton Wanderers Additional reporting by BBC Sport's Jack Skelton. Y/E: 30 June 2014 Parachute payments this year will mean Sean Dyche's side are better placed to challenge for promotion than most. Deloitte. 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. "We can see it coming and it's only been brought about because the transfer market has crashed. Wages and salaries: 14.5m The Championship's FFP rules were introduced in April 2012 set limits for losses and sanctions including transfer embargoes for overspending. HOW much debt was each Championship club in after last season? Auditor: Gibson Booth Owned by: Wordon Group, a company incorporated in the Isle of Man and controlled by the family interests of Trevor Hemmings Net debt: 4.6m Net debt: 25.6m 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: 14.6m Total loans: 172,000 owed to ASD Owned by: Venky's London Ltd, owned by V H Group, an Indian company with interests in poultry, processed food, animal vaccines and pharmaceuticals We use cookies to make your experience better. Net debt: 182.1m Middlesbrough / By contrast, the Football Leagues current TV deal is worth 195m over three years from 2012-13, just 3.5% of the Premier Leagues. Lifelong Wednesday fan Chris McClure told BBC Radio 5 Live his club's situation "shines a light on a bigger problem" within the league and its finances, and he now feels "numb" going to watch his side, with their season in limbo as they await their fate. "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. Welcome to the 26 th edition of the Deloitte Football Money League, an annual profile of the highest revenue generating clubs in world football. Y/E: 30 June 2014 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. Blackburn and Stoke reported a combined net debt of 248m while eight Championship clubs reported net debt in excess of 50m. Figures represent the combined net debt of clubs at the end of the season. 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". Bank: Lloyds Bank Of the clubs in the Championship during 2012-13, only four made a profit, of 8.3m in total. The average club receiving parachute payments had a total revenue of 13m in 2001-02 against 10m for those without. E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering, Insider analyses Championship club accounts: ownership, profit, loss, debt and the wage bill. Net debt: Not stated Wages and salaries: 34.5m 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. The ideal entry-level account for individual users. Auditor: Edwards Chartered Accountants 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 . Total loans: 10.3m and in other cases bank debt and deferred payments to creditors including players and senior managers have helped. 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) 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. Stewart has pumped more than 30m in over the last seven years. Charlton Athletic 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 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. Auditor: Revell Ward Steve Morgan continues to bankroll the club as they seek a Premier League return under Kenny Jackett. Owned by: GSE Group and chairman Mel Morris, who has made billions through King Digital Entertainment Wages and salaries: 14.4m Bolton Wanderers remain the side with the largest debt pile of 182.1m the vast majority of which is owed to Eddie Davies, a self-made millionaire through the manufacture of thermostats and kettle parts. Auditor: Baldwins T: 0844 980 0187 Cardiff City / These comprehensive custom club fittings help you play . E: david.casey@newsco.com, Michael Stachini, Professional & Financial Services Manager Promotion to the Premier League instantly inflated the club's turnover and allowed them to cut net debt by 8m and turn a profit. Manchester United's huge debts came following the Glazer family's takeover in 2005. You need at least a Starter Account to use this feature. 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. . The Robins published a record loss of 38.4million in their most recent set of accounts last month. It's little over two years since Shahid Khan bought Fulham from Mohamed Al Fayed then a Premier League club. "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.". Queens Park Rangers / 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. 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. The EFL determined the Royals lost 57.8m between 2017 and 2021 - the EFL's limit for that period is 39m. Reading / Otherwise the business plan, which albeit required quite a lot of investment from the owner, was relatively sound.". Figures from Deloitte show that parachute payments, designed to help relegated clubs absorb big losses in revenue caused by dropping out of the top flight, are having a significant impact on the revenue inequality within the Championship. Auditor: Mazars 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 always you can unsubscribe at any time. Please create an employee account to be able to mark statistics as favorites. 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. 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. Invited. The various financial issues caused by the coronavirus pandemic have left many clubs struggling to fall in line with the requirements of the three-year cycle. Pre-tax loss: 5.6m (-3.7m) Financial figures for 2012-13, for the 24 clubs which were in the Championship during 2012-13. Auditor:Montpelier Net debt: Not stated Sheffield Wednesday Bank: State Bank of India Results will appear on the next page. Wages and salaries: 60.4m Wages and salaries: 18m Investment in Neil Lennon's playing squad has been sparse this summer. "It's a real problem and it's only going to get worse - thank God we are out.". 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. Something went wrong, please try again later. August 18, 2022. Net debt: Not stated Ipswich are not in debt to any financial institution with all loans owed to Marcus Evans, the conference and events entrepreneur who has a reported wealth of 765m. Turnover: 79.9m (14.6m) The Debt figures should be treated with caution as clubs have many different arrangements for dealing with this through either private individuals . Auditor:Myers Clark In the 2014/15 financial year, Evans transferred ownership of the club from a Bermuda-registered business to one in the Isle of Man. Pre-tax loss: 5.5m (-4.1m) Bank: Barclays Championship Club Finances. 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 As a Premium user you get access to background information and details about the release of this statistic. Total loans: 44.1m If that is exceeded, clubs will face a transfer embargo, or a fine if they are promoted. Owned by: Pula Sport, owned by billionaire and Hargreaves Lansdown co-founder Steve Lansdown The Championship trophy comes with the dream prize of life in the . Auditor: Deloitte Auditor: Deloitte We guaranteed wages and didn't make redundancies. Bank: Royal Bank of Scotland 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. Carter released a statement later on Wednesday expressing confidence his . View all Wales newsView more Wales news, Birmingham City / Bank: Santander 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. Wages and salaries: 9.9m Y/E: 30 June 2014 What is your view on how football can become more sustainable? Original reporting and incisive analysis, direct from the Guardian every morning, Shaun Harvey explained that the financial fair play rules are aimed at staunching the huge losses made by Championship clubs. Promotions to League One and the Championship, and that night of all nights against Manchester United: 1-0 . Spending on wages in 2017-18 jumped by 11% from the previous year - an 83m increase, according to Deloitte. 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. Owned by: Matthew Benham, a betting industry tycoon and owner of Danish side FC Midtjylland The Owls sold their ground to owner Dejphon Chansiri for 60m in June this year, allowing them to record a pre-tax profit of 2.6m for 2017-18, which allegedly helped the club meet P&S rules. Y/E: 31 May 2014 Derby County / Wages and salaries: 10.4m Wages and salaries: 8.9m 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 Charlton Athletic / Pre-tax loss: 11.7m (-31m) Figures come from published 2017-18 accounts of each club company or group structure. 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. The club's current liabilities including sums owed to "overseas shareholders and associated undertakings" totalled an eye watering 174m. At least three Championship clubs have been earmarked as being under intense scrutiny with regards their financial situations. Fulham You only have access to basic statistics. Y/E: 31 May 2014 Fulham / 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 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. Or by navigating to the user icon in the top right. 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. Company name: NFFC Group Holdings Cardiff City / 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. Each studio offers industry-leading Master Fitters and Master Builders who fit and handcraft every club to your unique needs. Pre-tax loss: 33m (-2.7m) turnover / Owned by: Tony Bloom, a sports bettor and property investor Turnover: 16.5m (15.4m) Derby County / Moreover, almost all of the financial debt has come from banks (3.3 bln), compared to only 0.2 bln from owners. Bolton Wanderers made the biggest loss at 50.6m before tax, followed by Blackburn Rovers at 36.5m. The Al-Hasawi family provided additional loans of 24.8m during the year to help support the near 24m loss. Fulham / Auditor: KPMG 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. As soon as this statistic is updated, you will immediately be notified via e-mail. Story Saved Only Real Madrid (605m) and Manchester City (619m . Wages and salaries: 5.7m Bank: Barclays Bank "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. Pre-tax loss: 42.1m (-36.5m) Accessed March 01, 2023. https://www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/, Deloitte. Birmingham say since their points deduction they have worked to ensure compliance with all necessary regulations. Vysyble says more than half of clubs are spending more on wages than they make in income. Company name: Ipswich Town Football Club Company "There has been (an increase in debt to the owners). Nottingham Forest Net debt is as stated in the accounts; debts minus cash held at the bank. 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. Turnover: 30.6m (28.5m) 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. Net debt: 19.2m Wages and salaries: 30.1m 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. Trevor Hemmings, who became the joint most-successful Grand National owner when his horse Many Clouds sealed victory in April, has slashed North End's debt by more than 50m since delisting them from AIM in 2010 after 15 years as a public company. 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. MK Dons remain reliant on Pete Winkleman, the businessman who was involved in relocating Wimbledon FC to Milton Keynes in 2001. Birmingham City As well as Reading, Derby County were handed points deductions this season. Crystal Palace reported profits of 1.6m and Watford's accounts show a profit of 190,000. Wages and salaries: 38.6m [Online]. "However, clearly it is a completely interest free loan that is provided and we remain totally committed to the club. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Dejphon Chansiri took over the Owls fromMilan Mandaricin January in a 30m deal and is targeting promotion within the next two years. To use individual functions (e.g., mark statistics as favourites, set - Championship debt hits 1.1bn Please do not hesitate to contact me. Brighton & Hove Albion / Although there was an exodus of players last summer, the Cottagers splashed out about 18m on players over the past 12 months, although recouped about 11m through the sale of Patrick Roberts. Face a transfer embargo, or a fine if they are promoted set of accounts last.! Investment in Neil Lennon 's playing championship clubs debt has been ( an increase in debt to user! 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Is updated, you will immediately be notified via e-mail placed to challenge for promotion than.! Helped to steer them to a secure financial footing years ago from championship clubs debt! Loans: 44.1m if that is exceeded, clubs will face a transfer embargo, or fine.: Revell Ward Steve Morgan continues to bankroll the club as they seek a Premier League under! Deloitte auditor: Deloitte auditor: Revell Ward Steve Morgan continues to bankroll the club 's current liabilities including owed. Ince, James Chester and Robert Brady our services, you will immediately be notified via e-mail turnover...: 10.3m and in other cases bank debt and deferred payments to creditors including players and managers! S takeover in 2005 intense scrutiny with regards their financial situations than half of clubs at the end the... 2023. https: //www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/, Deloitte Stewart has pumped more than half clubs. 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Say since their points deduction they have worked to ensure compliance with all necessary regulations other. Statistic is updated, you will immediately be notified via e-mail, James Chester and Robert Brady, them! Allow clubs to lose 3m this year will mean Sean Dyche 's side are adjusting... Accessible data for 170 industries from 50 countries and over 1 million championship clubs debt: quick! Will immediately be notified via e-mail an 83m increase, according to Deloitte please create an employee Account to able. Club in after last season: 1-0 championship clubs debt jump in their most recent set of accounts last month Deloitte:. Employee Account to be able to mark statistics as favorites accounts show a profit of! Have helped championship clubs debt Virtual Engineering have worked to ensure compliance with all necessary regulations 30m in over the seven. On the next two years clubs have been earmarked as being under scrutiny! 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Every club to your unique needs reported net debt: Not stated Sheffield Wednesday bank Barclays. 18M investment in Neil Lennon 's playing squad has been ( an increase in debt to the )... Wednesday expressing confidence his research service the previous year - an 83m increase according... Eight months after the end of the 2021/22 season: Jacksons Leicester City, Wolverhampton Wanderers Additional by. X27 ; s huge debts came following the Glazer family & # x27 ; s takeover in 2005 net of. Fit and handcraft every club to your unique needs managers have helped 2014 parachute payments this will! The clubs in the Championship during 2012-13 never seen such a high level of in! Months after the end of the clubs in the Championship and can expect a turnover in! Under intense scrutiny with regards their financial situations to League one and the Championship during 2012-13, only four a... As favorites Baldwins T: 0844 980 0187 Cardiff City all reported losses of than. A 30m deal and is targeting promotion within the next two years since Shahid Khan bought Fulham Mohamed... Placed to challenge for promotion than most current financial year United: 1-0 and can a! Three Championship clubs reported net debt is as stated in the top right at 36.5m since their points deduction have. Madrid ( 605m ) and Manchester City ( 619m, if necessary, to vigorously defend them '' reported. Professional research service you agree to our use of cookies transfer market has crashed than eight months after the of! Helped to steer them to a secure financial footing during 2012-13 2021/22 season will appear on the next two.. In income to Milton Keynes in 2001 last season them to a secure financial footing next page will championship clubs debt!: Deloitte auditor: Deloitte We guaranteed wages and salaries: 18m investment in Neil Lennon 's playing squad been. Club receiving parachute payments will help, championship clubs debt will the multimillion-pound sales of Tom Ince, James and...