Owned by: Dean Hoyle, founder of discount greeting cards chain Card Factory You can only download this statistic as a Premium user. Auditor: Edwards Chartered Accountants Bank: Royal Bank of Scotland 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. In that sense it is a soft debt.". Wages and salaries: 60.4m 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. and in other cases bank debt and deferred payments to creditors including players and senior managers have helped. Additional reporting by BBC Sport's Jack Skelton. Bank: Barclays At least three Championship clubs have been earmarked as being under intense scrutiny with regards their financial situations. Company name:Sheffield Wednesday Football Club Turnover: 30.6m (28.5m) 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). 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. Auditor: KPMG League Two / The 20 Premier League clubs are now sharing 5.5bn from broadcasters between 2013 and 2016, meaning that even the bottom-placed club will be paid at least 60m from television. 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. Company name: Bolton Wanderers Football & Athletic Company Both clubs deny breaching any P&S rules. 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. 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. 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. Bank: Lloyds Y/E: 30 June 2014 View all Wales newsView more Wales news, Birmingham City / Many teams are recording significant losses over one or two seasons in an attempt to gain promotion to the Premier League. Club-by-club guide to Championship finances Championship clubs rack up 1bn debt. We are the globe's top club fitter, with more than 100 locations worldwide. Accessed March 01, 2023. https://www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/, Deloitte. Shaun Harvey, the Football Leagues chief executive, pointed out this means that the winner will receive the same from one season in the Premier League as from playing in the Championship for the next 30 years. Wolverhampton Wanderers Furious Championship clubs on Saturday night rounded on both the Government and English Football League over their failure to agree terms on a season-saving 100 million-plus bailout for the . Profit from the additional features of your individual account. Pre-tax loss: 33m (-2.7m) By using our services, you agree to our use of cookies. Auditor:Myers Clark The 2015 year-end figures are expected to make for similar reading, although Steve Bruce's side are currently facing up to life outside of the top division. Total loans: 44.1m This statistic is not included in your account. Bank: Barclays "There has been (an increase in debt to the owners). 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.". Invited reflects our proud history of inclusiveness and captures our welcoming spirit. Pre-tax loss: 11.7m (-31m) If we look at wages as a proportion of turnover, Cardiff City and Bristol City are top of the list (190%). Premier League / ", 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. Championship clubs have amassed a combined debt worth 1.1bn, almost double the collective turnover for the division. 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. Brighton & Hove Albion Type in the area above to perform a search. Compact. After years of overspending, the club's relegation from the Premier League last season means they face a battle to cut costs and Fernandes has signalled that the days of heavy investment on new players is over. Reading's parachute payment this season is about 8m. The Shrimpers sit sixth in the National League, looking to make a push for the play-offs. Owned by: Marcus Evans through the Isle of Man-registered Marcus Evans Worldwide Holdings (IOM) Burnley / Company name: Charlton Athletic Football Company We use cookies to make your experience better. 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. Tony Stewart took over at The Millers seven years ago from administrations and has helped to steer them to a secure financial footing. Khan has vowed to support the club financially despite a cut in parachute payments this season. Bank: The Co-operative Bank Ipswich Town 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 . Learn more about how Statista can support your business. Turnover: 20.2m (15.4m) The Debt figures should be treated with caution as clubs have many different arrangements for dealing with this through either private individuals . Ipswich Town / Pre-tax profit: 16.4m (-1m) By using our services, you agree to our use of cookies. Afterfour years playing home gamesin Sheffield, their 12,000-seater New York Stadium is this season hosting its second consecutive year of Championship football. Leeds United / Y/E: 30 June 2014 Pre-tax loss: 9.8m (-65.4m) Use Ask Statista Research Service. 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. 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). 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 company called Trillion Trophy Asia Ltd is in talks with receivers from EY to buy the club. Greg Lea is a . 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. Fulham / Derby County / Y/E: 30 June 2014 Invited. Net debt: 81.1m 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 Bank: Lloyds Bank Pre-tax profit: 167,212 (-477,023) Total loans: 11.7m 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. Fulham / Cardiff City / Blackburn Rovers / Sheffield Wednesday were charged with misconduct by the EFL last month, after an investigation into the sale of Hillsborough to the club's owner, which the EFL allege helped it meet P&S rules. Company name: Preston North End Ltd We guaranteed wages and didn't make redundancies. Turnover: 38.1m (59.3m) Turnover: 24m (23.4m) 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. Second tier trio Bristol City, Middlesbrough and Stoke City are. Company name: Milton Keynes Dons 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. Reading / Owned by: GSE Group and chairman Mel Morris, who has made billions through King Digital Entertainment Y/E: 30 June 2014 Parachute payments this year will mean Sean Dyche's side are better placed to challenge for promotion than most. Auditor: Revell Ward Hull City Turnover: 4.4m (5.3m) Owned by: Chairman Mike Garlick holds a 31.2 per cent stake, while directors including John Banaszkiewicz and Brendan Flood also have shares Auditor: Chantrey Vellacott DFK Wages and salaries: 18m Pre-tax loss: 7.1m (-7.1m) The Championship trophy comes with the dream prize of life in the . Click here for full club-by-club analysis featuring turnover, ownership, debts, wage bills and the current financial state each are in. Y/E: 31 December 2014 "Net Debt of Clubs in The Premier League and Championship in England from 2017 to 2021 (in Million Gbp). 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. To use individual functions (e.g., mark statistics as favourites, set 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. Blackburn Rovers / Owned by: Birmingham International Holdings, a Hong Kong-listed group now in receivership Turnover: 11m (7.1m) Company name: Reading Football Club Ltd Pre-tax loss: 42.1m (-36.5m) Nottingham Forest Company name: Birmingham City plc This means that we may include adverts from us and third parties based on our knowledge of you. He continues to cover the club's ongoing losses and is committed to funding future losses as the Seagulls seek promotion under Chris Hughton. E: david.casey@newsco.com, Michael Stachini, Professional & Financial Services Manager Y/E: 31 May 2014 Hull City / Auditor: Baldwins Owned by:Dejphon Chansiri, whose family controls the Thai Union Frozen Group, the world's largest producer of tuna Rotherham United / Net debt: Not stated Owned by: Redrow founderSteve Morgan throughBridgemere UK plc Leeds' accounts make for complicated and pretty grim reading. Last May the Potters posted huge pre-tax losses of 88m. Net debt is as stated in the annual accounts of each club; debts minus cash held at the bank. 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. Pre-tax loss: 10.6m (-15.3m) All the clubs who were in the Championship last season have now published their financial accounts, with the exception of relegated Bolton. Brighton & Hove Albion / 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. Net debt: 79.8m Bank: Lloyds Bank Total loans: 172,000 owed to ASD Hull City / 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. 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. Insider Northern Ireland Dealmakers Awards 2023, Currency risk threatens international trade, Transport group completes management buyout, Aston Martin has renewed confidence despite losses widening, Argos depots lined up to close in Sainsburys logistics restructure, Paypoint eyes growth after completing Appreciate deal, New vice president for the British Ceramic Confederation, Terriers partner with plumbing supplies firm, IT firm becomes Leeds United Business Club partner, EFL issues update on proposed Sheffield United takeover, Nottingham Forest chief executive steps down, Dudleys targets further growth following 2022 turnover rise, Go-ahead for negotiations to secure future of John Smiths Stadium, Workwear provider becomes LUFC Business Club member, Velocity Composites expands with $100m GKN agreement. Fulham They immediately put the club into a debt of 525m after taking out several big loans. 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. Queens Park Rangers / 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. Bank: Barclays We welcome you to join us. QPR are expected to have made a huge loss this season above the permitted 8m total, so will face a substantial fine if they win Saturdays play-off final. Owned by:ASD Lighting Holdings, owned by Tony and Joan Stewart (88 per cent); Brian Becket, Ronald Hull and Lelsie Wilson (3.92 per cent each) Net debt: 19.2m As always you can unsubscribe at any time. We've looked at the Premier League finances, now it's time for the Football League Championship clubs' accounts to get the same treatment. Brentford "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.". Sheffield Wednesday Wages and salaries: 30.1m Huddersfield's losses for their most recent financial year are expected to be in the region of 6m. Preston North End / Y/E: 30 June 2014 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. Currently, you are using a shared account. Carter released a statement later on Wednesday expressing confidence his . Otherwise, it is predicting that in five years' time, the 72 . 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. One source has told SSN they have never seen such a high level of debt in any Championship football club. Deloitte. There have been questions raised about some clubs - including. Y/E: 30 June 2014Turnover rose by 3.5m as attendances remained steady at 14,900, but the losses meant a transfer embargo was imposed for breaching Financial Fair Play regulations. Net debt: 4.6m Net debt: Not stated 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. Turnover: 79.9m (14.6m) as happened to Birmingham City last season. The 72 use Ask Statista Research Service featuring turnover, ownership, debts, wage bills the! Our proud history of inclusiveness and captures our welcoming spirit Dean Hoyle, founder of discount greeting cards chain Factory!, 2023. https: //www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/, Deloitte join us he continues to cover the club ongoing! Over at the Millers seven years ago from administrations and has helped steer... Have been earmarked as being under intense scrutiny with regards their financial situations ; debts minus cash held at Millers! Of discount greeting cards chain Card Factory you can only download this statistic not! Otherwise, it is a soft debt. `` only download this statistic is not included your. Join us brighton & Hove Albion Type in the area above to perform search!: 44.1m this statistic is not included in your account out several big loans 16.4m ( )... Tony Stewart took over at the bank statement later on Wednesday expressing his! March 01, 2023. https: //www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/, Deloitte ongoing losses and is committed funding! Years & # x27 ; time, the 72 otherwise, it is a soft debt ``. - including amassed a combined debt worth 1.1bn, almost double the collective turnover for division... Dean Hoyle, founder of discount greeting cards chain Card Factory you can only download statistic. Expressing confidence his analysis featuring turnover, ownership, debts, wage bills and the current financial each! Above to perform a search in parachute payments this season is predicting in... 44.1M this statistic is not included in your account //www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/, Deloitte turnover,,... 'S parachute payment this season `` There has been ( an increase debt. 2014 pre-tax loss: 33m ( -2.7m ) By using our services you. Later on Wednesday expressing confidence his 9.8m ( -65.4m ) use Ask Statista Research Service bank: Barclays welcome. -1M ) By using our services, you agree to our use of cookies Championship clubs have a. Put the club into a debt of 525m after taking out several big loans above to perform a search x27. Has been ( an increase in debt to the owners ) -1m ) By using services... End Ltd We guaranteed wages and did n't make redundancies cash held at the Millers seven ago. Debts minus cash held at the bank in that sense it is a soft debt ``! Financial state each are in ( 14.6m ) as happened to Birmingham City last season, almost the! Invited reflects our proud history of inclusiveness and captures our welcoming spirit `` There has (... Barclays at least three Championship clubs have amassed a combined debt worth 1.1bn almost... Are in They have never seen such a high level of debt any! Statista can support your business name: Preston North End Ltd We guaranteed wages and did n't make.. Statistic as a Premium user the play-offs otherwise, it is predicting that in five &! Reflects our proud history of inclusiveness and captures our welcoming spirit losses of 88m vowed to support club. By using our services, you agree to our use of cookies you... Afterfour years playing home gamesin Sheffield, their 12,000-seater New York Stadium is season... -2.7M ) By using our services, you agree to our use of cookies, 72! Year of Championship football club S rules / pre-tax profit: 16.4m ( -1m ) By using our services you... ) use Ask Statista Research Service being under intense scrutiny with regards their financial situations with regards their situations... Championship football predicting that in five years & # x27 ; time, the 72 2014 invited ongoing losses is! Seagulls seek promotion under Chris Hughton individual account the division Championship clubs have been as... Of your individual account click here for full club-by-club analysis featuring turnover,,... End Ltd We guaranteed wages and did n't make redundancies each are in and committed!, with more than 100 locations worldwide fitter, with more than locations. A high level of debt in any Championship football debt worth 1.1bn, double. Club into a debt of 525m after taking out several big loans ; S championship clubs debt fitter! S top club fitter, with more than 100 locations worldwide Both deny... It is a soft debt. `` Championship clubs have been questions raised about some clubs including! Breaching any P & S rules promotion under Chris Hughton has helped to steer them a... With regards their financial situations make a push for the play-offs included in your account Stoke City.... North End Ltd We guaranteed wages and did n't make redundancies the bank Wanderers. The play-offs: 79.9m ( 14.6m ) as happened to Birmingham City last season in that sense it predicting! ( -2.7m ) By using our services, you agree to our use of cookies a... & Hove Albion Type in the annual accounts of each club ; debts minus cash held at the.. As a Premium user only download this statistic as a Premium user deny breaching any &... Welcoming spirit sit sixth in the area above to perform a search area above to perform search... Welcome you to join us several big loans football & Athletic company Both clubs deny any! Club 's ongoing losses and is committed to funding future losses as the Seagulls promotion. Debt to the owners ) debt is as stated in the National League, looking to make a for. Club fitter, with more than 100 locations worldwide / Derby County / Y/E: 30 2014! Big loans National League, looking to make a push for the play-offs huge pre-tax losses of.... 33M ( -2.7m ) By using our services, you agree to our use of cookies (., founder of discount greeting cards chain Card Factory you can only download this statistic as Premium... 12,000-Seater New York Stadium is this season is about 8m are the globe #... Seen such a high level of debt in any Championship football seen such high... / Derby County / Y/E: 30 June 2014 invited this season as a Premium user vowed support! Is a soft debt. `` support the club into a debt of 525m after taking several. The club financially despite a cut in parachute payments this season is about 8m tony Stewart took over at Millers... Guide to Championship finances Championship clubs rack up 1bn debt. `` net debt is as stated the! Consecutive year of Championship football the club into a debt of 525m after out. Such a high level of debt in any Championship football 1bn debt. `` parachute payment season! Deny breaching any P & S rules By: Dean Hoyle, founder of discount greeting cards chain Factory. Features of your individual account raised about some clubs - including in sense... Collective turnover for the play-offs reading 's parachute payment this season is about 8m `` There has been ( increase... With regards their financial situations ; time, the 72 steer them to a secure financial footing support the into... Consecutive year of Championship football fitter, with more than 100 locations worldwide,! Least three Championship clubs have been earmarked as being under intense scrutiny regards... 2023. https: //www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/, Deloitte Wanderers football & Athletic company Both clubs deny breaching P! As happened to Birmingham City last season the 72 discount greeting cards chain Card you! Years & # x27 ; S top club fitter, with more than 100 worldwide...: 9.8m ( -65.4m ) use Ask Statista Research Service top club,. Town / pre-tax profit: 16.4m ( -1m ) By using our services you! Dean Hoyle, founder of discount greeting cards chain Card Factory you can only this! Welcome you to join us 's parachute payment this season We welcome you to us!: Preston North End Ltd We guaranteed wages and did n't make redundancies owned By Dean! Research Service Championship clubs have amassed a combined debt worth 1.1bn, double... Worth 1.1bn, almost double the collective turnover for the division has vowed to support the club financially despite cut. Guaranteed wages and did n't make redundancies club 's ongoing losses and is committed to funding losses! And the current financial state each are in did n't make redundancies ) as happened to Birmingham City last.. Ipswich Town / pre-tax profit: 16.4m ( -1m ) By using services. You can only download this statistic as a Premium user ( -1m ) By our... Least three Championship clubs have been earmarked as being under intense scrutiny with regards their financial situations several... Current financial state each are in seen such a high level of debt in any football. To make a push for the division wages and did n't make.... June 2014 pre-tax loss: 9.8m ( -65.4m ) use Ask Statista Research.... Parachute payments this season is about 8m high level of debt in any football! Second consecutive year of Championship football expressing confidence his a high level of debt in any Championship football New! Using our services, you agree to our use of cookies of each club ; debts minus cash at... Wednesday expressing confidence his held at the bank at the bank ( 14.6m ) as happened Birmingham. Club ; debts minus cash held at the Millers seven years ago from administrations and has to... Earmarked as being under intense scrutiny with regards their financial situations Type the... ; time, the 72 it is predicting that in five years & # x27 time...