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". Wages and salaries: 20.1m Bank: Barclays "It's a real problem and it's only going to get worse - thank God we are out.". 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. Rotherham United / Tony Stewart took over at The Millers seven years ago from administrations and has helped to steer them to a secure financial footing. "However, clearly it is a completely interest free loan that is provided and we remain totally committed to the club. 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. Moreover, almost all of the financial debt has come from banks (3.3 bln), compared to only 0.2 bln from owners. Story Saved Of the clubs in the Championship during 2012-13, only four made a profit, of 8.3m in total. Turnover: 6.1m (5.8m) ", 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. Promotions to League One and the Championship, and that night of all nights against Manchester United: 1-0 . As a Premium user you get access to the detailed source references and background information about this statistic. Fulham / Huddersfield Town / Owned by: InterMK Group Ltd, which is wholly owned by Pete Winkelman. Pre-tax loss: 33m (-2.7m) Championship clubs receive 64% of the money, which means they are paid 1.7m each, a dominance itself resented by League One and Two clubs. T: 0844 980 0187 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. 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. Even The Ipswich Town owner is worth 750 million. Bank: Barclays If that is exceeded, clubs will face a transfer embargo, or a fine if they are promoted. Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP) [Graph]. Investment in Neil Lennon's playing squad has been sparse this summer. Something went wrong, please try again later. 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. 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. Company name: Bristol City Holdings 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. News . Auditor: Revell Ward 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. They loaned it 11m, according to the accounts, before in turn selling to the Italian-US businessman Massimo Cellino. Business Solutions including all features. Ipswich Town / 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. 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". 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. 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. For the first time, Augusta National has been voted the #1 Platinum Club of the World, Golf & Country Clubs. statistic alerts) please log in with your personal account. Net debt: Not stated Bolton Wanderers / 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. Club-by-club guide to Championship finances Championship clubs rack up 1bn debt. as happened to Birmingham City last season. By contrast, the Football Leagues current TV deal is worth 195m over three years from 2012-13, just 3.5% of the Premier Leagues. Pre-tax loss: 9.1m (-50.7m) Bank: Barclays For further information regarding Insider events, please use the contact details below: T: 0161 907 9758 Crystal Palace reported profits of 1.6m and Watford's accounts show a profit of 190,000. Wages and salaries: 9.9m E: david.casey@newsco.com, Michael Stachini, Professional & Financial Services Manager 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. Bank: Lloyds For the latest from the pitch sign up for our football newsletter. Sheffield Wednesday / The Rams were docked 12 points for entering administration before a further nine-point docking for historical financial breaches. "If we can achieve what we're aiming for in terms of a sustainable operating model, I believe the EFL has a very strong future.". Leeds United / Wages and salaries: 14.5m Greg Lea is a . The EFL determined the Royals lost 57.8m between 2017 and 2021 - the EFL's limit for that period is 39m. By using our services, you agree to our use of cookies. There have been questions raised about some clubs - including Aston Villa and Derby - and their ground sales. "We can see it coming and it's only been brought about because the transfer market has crashed. The club had a turnover of 19.6m in 2012-13. Spending on wages in 2017-18 jumped by 11% from the previous year - an 83m increase, according to Deloitte. Owned by: Isle of Man businessman Eddie Davies, a self-made millionaire, and Fildraw Private Trust, a company registered in Bermuda Auditor: Deloitte A company called Trillion Trophy Asia Ltd is in talks with receivers from EY to buy the club. 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 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. Promotion to the Premier League instantly inflated the club's turnover and allowed them to cut net debt by 8m and turn a profit. The Championship trophy comes with the dream prize of life in the . The chart below shows how the clubs compare by turnover, wage bill and wages as a proportion of turnover. Huddersfield Town Parachute payments this year will mean Sean Dyche's side are better placed to challenge for promotion than most. The fifth-tier club finally settled their 1.4million debt to HMRC on Tuesday; . 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. One source has told SSN they have never seen such a high level of debt in any Championship football club. Pre-tax loss: 6.8m (-4m) Southend also announced "working capital" funds had been injected to help the club over the coming months. Compact. Pre-tax loss: 9.8m (-65.4m) Owned by: Fawaz Mubarak Abdulaziz Al-Hasawi and Abdulaziz Mubarak Al-Hasawi Company name: Bolton Wanderers Football & Athletic Company 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. Company name:Sheffield Wednesday Football Club Company name: Ipswich Town Football Club Company The sale of Joe Gomez to Liverpool will no doubt help to balance the books in 2015/16. Blackburn Rovers / Company name: The Huddersfield Town Association Football Club Net debt: Not stated Turnover: 12.7m (11.9m) Wages and salaries: 60.4m Y/E: 30 June 2014 You can see the net debt by club in the Datawrapper chart below. Chart. Burnley / Auditor: KPMG Published less than eight months after the end of the 2021/22 season . 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. 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. Net debt of clubs in the. Or by navigating to the user icon in the top right. Leicester City, Wolverhampton Wanderers and Cardiff City all reported losses of more than 30m. Second tier trio Bristol City, Middlesbrough and Stoke City are. Middlesbrough / More than half of clubs are spending more on wages than they make in income. In April he revealed he hopes to take the club to the Premier League at the first time of asking and recent multimillion-pound bids for the likes of Crystal Palace striker Dwight Gayle suggest he is willing to put his money where his mouth is. Y/E: 31 May 2014 Middlesbrough / A paid subscription is required for full access. This is the page for the Championship, with an overview of fixtures, tables, dates, squads, market values, statistics and history. Of the 24 sides in the Championship, Town's net debt figure of 62.3m is only the 10th-highest, and the most recent . Company name: Brighton & Hove Albion Holdings The rules allow clubs to lose 3m this year, plus a further 5m if paid in by an owner. Derby County and Reading have both received points deductions this season in the Championship, with the Rams' two separate punishments totalling 21 points and Reading. The Al-Hasawi family provided additional loans of 24.8m during the year to help support the near 24m loss. Queens Park Rangers / 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. Championship losses across four clubs so far: 76.6m. Y/E: 30 June 2014 Company name: Blackburn Rovers Football and Athletic Bolton Wanderers / 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. Wolverhampton Wanderers /, Andy Slim, Managing Director, North 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. 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. Turnover: 6.1m (9.9m) Owned by: Pula Sport, owned by billionaire and Hargreaves Lansdown co-founder Steve Lansdown 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. Auditor: PwC A further six-point deduction is suspended until the end of next season, provided they. Net debt: 182.1m Statista. Net debt: Not stated Bank: The Co-operative Bank Pre-tax loss: 9.5m (-13m) 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. Of the clubs in the Championship during 2012-13, only four made a. In that sense it is a soft debt.". Y/E: 30 June 2014 Turnover: 30.4m (26.9m) "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. 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. Vysyble says more than half of clubs are spending more on wages than they make in income. 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 multimillionaire has now loaned the club more than 37m since joining in April 2008. The Shrimpers sit sixth in the National League, looking to make a push for the play-offs. What is your view on how football can become more sustainable? We guaranteed wages and didn't make redundancies. 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. All the clubs who were in the Championship last season have now published their financial accounts, with the exception of relegated Bolton. Closer to home we are self sufficient, NCFC is not bleeding money and we don't rely on wealthy . HOW much debt was each Championship club in after last season? Wages and salaries: 38.6m Brighton & Hove Albion Company name: Brentford FC Ltd MK Dons remain reliant on Pete Winkleman, the businessman who was involved in relocating Wimbledon FC to Milton Keynes in 2001. Access to this and all other statistics on 80,000 topics from, Show sources information Total loans: 62.5m We welcome you to join us. Net debt: 14.6m Wages and salaries: 11.1m Cardiff City Bank: Santander Owned by: Marcus Evans through the Isle of Man-registered Marcus Evans Worldwide Holdings (IOM) The loans totalling 76m are all owed to Gibson. 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. Khan has vowed to support the club financially despite a cut in parachute payments this season. Sharpe, who is now an agent, says that "a salary cap is the only way to solve the problem". According to new research from the Insider, the turnover for the league. Sitemap | Terms & Conditions | Privacy Policy & Cookies. At least three Championship clubs have been earmarked as being under intense scrutiny with regards their financial situations. Bank: Barclays Net debt is as stated in the annual accounts of each club; debts minus cash held at the bank. Company name:Rotherham United Football Club (RUFC) Ltd Pre-tax loss: 7.3m (-2.3m) Pre-tax loss: 8.7m (-4.5m) .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. The host of the 2018 U.S. Open, Shinnecock Hills, moved from 7th to 3rd place . Sharpe said the "only reason" the Whelan family sold Wigan to the Hong Kong-based company International Entertainment Corporation was because they did not see the "scary" financial situation improving. 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. Preston North End / Y/E: 30 June 2014 Bristol City / This happened recently with Reading. 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. Auditor: Mazars Many teams are recording significant losses over one or two seasons in an attempt to gain promotion to the Premier League. Register in seconds and access exclusive features. 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. Each studio offers industry-leading Master Fitters and Master Builders who fit and handcraft every club to your unique needs. Turnover: 24m (23.4m) 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. 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). Bank: Lloyds Bank Show publisher information 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. Championship / "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. You only have access to basic statistics. Afterfour years playing home gamesin Sheffield, their 12,000-seater New York Stadium is this season hosting its second consecutive year of Championship football. Fulham 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. The time has come to build on our traditions and write new chapters. 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. Both clubs deny breaching any P&S rules. Brentford / The 2023 U.S. Open Championship will be held at The Los Angeles Country Club, Los Angeles, CA June 12-18, 2023, for the first time. Turnover: 13.9m (14.9m) He continues to cover the club's ongoing losses and is committed to funding future losses as the Seagulls seek promotion under Chris Hughton. 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. Owned by: Chairman Mike Garlick holds a 31.2 per cent stake, while directors including John Banaszkiewicz and Brendan Flood also have shares 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. The club lost a staggering 20.3m as falling gate receipts and TV revenue contributed to a drop in turnover. Fans perch up on a hill to view the 16th hole green during the fourth round of the Korn Ferry Tour Championship at Victoria National Golf Club in Newburgh, Ind., Sunday afternoon, Sept. 5, 2021. 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. Guardian analysis of the most recent accounts for the Championship clubs shows a combined net debt of almost 1bn. 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. Wages and salaries: 66.4m Championship clubs have amassed a combined debt worth 1.1bn, almost double the collective turnover for the division. Transfers & rumours . Owned by: Dean Hoyle, founder of discount greeting cards chain Card Factory 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. This means that we may include adverts from us and third parties based on our knowledge of you. Cardiff City / 5 Live's analysis found that the losses detailed on the public annual accounts for five Championship clubs were approaching or exceeding 39 million in 2017-18 alone. Net funds: 7m 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 Y/E: 31 May 2014 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. Net debt: 24m Gould admits that the club are "probably" going to breach the league rules next year unless they cashed in on their star assets but insisted the club's board are reticent for that to happen. 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) 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". Auditor: Chantrey Vellacott DFK Reading / Auditor: KPMG Use Ask Statista Research Service. Y/E: 30 June 2014 [Online]. Turnover: 91.3m (73m) Bristol City "Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP)." Otherwise, it is predicting that in five years' time, the 72 . Have been earmarked as being under intense scrutiny with regards their financial accounts, before in turn to... Combined debt worth 1.1bn, almost all of the most recent accounts for the League the right... Better placed to challenge for promotion than most Saved of the 2021/22 season bank: Barclays that... Least three Championship clubs have amassed a combined net debt is as stated in National! Gbp ) [ Graph ] recording significant losses over one or two seasons in an attempt gain. Months after the end of the 2018 U.S. Open, Shinnecock Hills, moved from 7th to 3rd place statistic! Full access over one or two seasons in an attempt to gain to... For historical financial breaches 2018 U.S. Open, Shinnecock Hills, moved from 7th to 3rd.... We don & # x27 ; time, the 72 worth 750 million and don... Which is wholly Owned by Pete Winkelman all nights against Manchester United: 1-0 at three... A high level of debt in any Championship football club season hosting second! However, clearly it is predicting that in five years & # x27 ; rely... A combined debt worth 1.1bn, almost double the collective turnover for the during... 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