championship clubs debt

Queens Park Rangers / Net debt of clubs in the. Pre-tax loss: 33m (-2.7m) The Championship is a "bubble waiting to burst" because clubs are posting record losses in a "gamble" to reach the Premier League. Investment in Neil Lennon's playing squad has been sparse this summer. Company name: The Derby County Football Club 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. The multimillionaire has now loaned the club more than 37m since joining in April 2008. 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. Net debt: 11m 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. 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. Steve Morgan continues to bankroll the club as they seek a Premier League return under Kenny Jackett. Y/E: 31 May 2014 In terms of what our plans are to do with that, clearly it doesn't make great balance sheet reading to have a huge debt like that and we'll continue to look at that and decide what we will and won't do in respect of that. League Two / Bolton Wanderers / Turnover: 13.9m (14.9m) "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.". 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. debt / Company name: W.W. (1990) Ltd Y/E: 31 May 2014 Total loans: 62.5m Turnover: 12.7m (11.9m) Pre-tax loss: 20.3m (-9.4m) Net debt: Not stated At least three Championship clubs have been earmarked as being under intense scrutiny with regards their financial situations. The club had a turnover of 19.6m in 2012-13. New P&S rules introduced by the EFL from the 2016-17 season allow the majority of clubs 39m in losses over three seasons. Auditor: Jacksons 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). 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. 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 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. All the clubs who were in the Championship last season have now published their financial accounts, with the exception of relegated Bolton. Turnover: 25.3m (28.6m) 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. football / We guaranteed wages and didn't make redundancies. Blackburn Rovers Y/E: 30 June 2014 He added: "It wont be just us - all those Championship clubs who have not been in the Premier League recently but have been challenging to get there.". Additional reporting by BBC Sport's Jack Skelton. 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. Sharpe, who took over Wigan from grandfather Dave Whelan in 2015, said the family were putting in "nearly 1m a month just to keep it going" despite having the fourth-lowest wage bill in the Championship. The loans totalling 76m are all owed to Gibson. 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. Burnley / Closer to home we are self sufficient, NCFC is not bleeding money and we don't rely on wealthy . Y/E: 30 June 2014 Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Company name: Cardiff City Football Club 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. "Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP)." For further information regarding Insider events, please use the contact details below: T: 0161 907 9758 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 You can only download this statistic as a Premium user. Turnover: 91.3m (73m) As soon as this statistic is updated, you will immediately be notified via e-mail. As always you can unsubscribe at any time. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. At least three Championship clubs have been earmarked as being under intense scrutiny with regards their financial situations. Guardian analysis of the most recent accounts for the Championship clubs shows a combined net debt of almost 1bn. To use individual functions (e.g., mark statistics as favourites, set Or by navigating to the user icon in the top right. 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. 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. Wages and salaries: 4.8m 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. As a Premium user you get access to background information and details about the release of this statistic. Bank: Barclays Use Ask Statista Research Service. Net debt: 37.4m Reading / A paid subscription is required for full access. Pre-tax loss: 10.6m (-15.3m) I was amazed by this table. View all Wales newsView more Wales news, Birmingham City / Y/E: 30 June 2014 Three-quarters of the clubs in the Championship responded, although it is not known if Huddersfield Town and Sheffield Wednesday were among this number. Rotherham United / T: 0161 907 9747 PNE lost 16.8m on 13.8m revenue, wages to turnover at 176%, (interest-free) gross debt up to 77.4m. Bank: Barclays Owned by: GSE Group and chairman Mel Morris, who has made billions through King Digital Entertainment Sheffield Wednesday / Owned by: Pula Sport, owned by billionaire and Hargreaves Lansdown co-founder Steve Lansdown Auditor: Chantrey Vellacott DFK 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. Something went wrong, please try again later. You need at least a Starter Account to use this feature. 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. 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. We use cookies to make your experience better. Brighton & Hove Albion / 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. Pre-tax loss: 23.9m (-8m) 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. Bank: Barclays Welcome to the 26 th edition of the Deloitte Football Money League, an annual profile of the highest revenue generating clubs in world football. The Al-Hasawi family provided additional loans of 24.8m during the year to help support the near 24m loss. Last May the Potters posted huge pre-tax losses of 88m. Auditor:BHP Chartered Accountants Auditor: Levy + Partners Don't miss out on any Football League action with our EFL72 email update! As for Boro and Stoke, the other clubs highlighted in the report, they are in their fifth and fourth seasons outside the Premier League respectively. Sheffield Wednesday deny the charges, calling them "unlawful" and "stands ready, if necessary, to vigorously defend them". The Shrimpers sit sixth in the National League, looking to make a push for the play-offs. Charlton Athletic / Rotherham United / 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. Net debt: 46.1m 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. Burnley / 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". Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP) [Graph]. 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. Both clubs deny breaching any P&S rules. Net debt: 81.1m For further information regarding Insider events, please use the contact details below: T: 0161 907 9758 Total loans: 76m Total loans: 44.1m Karl Robinson's side are currently adjusting well to life in the Championship and can expect a turnover jump in their current financial year. Vysyble says more than half of clubs are spending more on wages than they make in income. Preston North End are the fourth 2021/22 Championship club to release financialsand fourth to declare eight-figure loss. Brentford / 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. 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 Derby County / Net debt: 79.8m Auditor: KPMG All data was researched and compiled by sports writer, David Conn from the most recently published annual reports at Companies House. Owned by: Vincent Tan, the Malaysian businessman Access to this and all other statistics on 80,000 topics from, Show sources information Auditor: Gibson Booth 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. The three clubs - Wolves, Fulham and Cardiff - to post the highest pre-tax losses all did gain promotion to the Premier League that year. Turnover: 10.8m (11.3m) Brentford / This means that we may include adverts from us and third parties based on our knowledge of you. Premier League clubs' revenues increased by 8% to c.4.9 billion in 2020/21 following the previous season's drop, which was the first year-on-year fall in total revenue in the Premier League's history. Company name: Ipswich Town Football Club Company Wages and salaries: 11.1m In, 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. Company name: Bristol City Holdings 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. 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. More than half of clubs are spending more on wages than they make in income. Wages and salaries: 20.1m Net debt is as stated in the accounts; debts minus cash held at the bank. Auditor: Mazars Ipswich Town / Are you interested in testing our business solutions? 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. Dejphon Chansiri took over the Owls fromMilan Mandaricin January in a 30m deal and is targeting promotion within the next two years. 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. Reading Results will appear on the next page. Net debt: Not stated Then you can access your favorite statistics via the star in the header. Y/E: 30 June 2014 A company called Trillion Trophy Asia Ltd is in talks with receivers from EY to buy the club. Cardiff City / The Championship's FFP rules were introduced in April 2012 set limits for losses and sanctions including transfer embargoes for overspending. He continues to cover the club's ongoing losses and is committed to funding future losses as the Seagulls seek promotion under Chris Hughton. Wages and salaries: 60.4m Wages and salaries: 46.7m Bristol City / Invited reflects our proud history of inclusiveness and captures our welcoming spirit. Sitemap | Terms & Conditions | Privacy Policy & Cookies. Spending on wages in 2017-18 jumped by 11% from the previous year - an 83m increase, according to Deloitte. Show publisher information Y/E: 30 June 2014 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. Preston North End / Auditor: Cvr Global Last updated on 12 December 201912 December 2019.From the section Championship. 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.". He added: "People talk about a new TV deal but it will all just go back to the players ultimately and the clubs and owners that want to gamble will just give out higher wages. Second tier trio Bristol City, Middlesbrough and Stoke City are. The club lost a staggering 20.3m as falling gate receipts and TV revenue contributed to a drop in turnover. T: 0844 980 0187 Brighton & Hove Albion / Wolves and Cardiff provided no comment. Wages and salaries: 10.4m 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. Net debt: 82.4m Championship clubs have amassed a combined debt worth 1.1bn, almost double the collective turnover for the division. Turnover: 6.1m (9.9m) 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. Premier League / Ipswich Town / That is topped up to a total of 4m with 2.3m from. Preston North End The Berkshire club were docked six points earlier this season after the EFL said the club exceeded permitted losses by 18.8m. "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. The Daily Mail claims to have seen an 80-page report from the EFL that features clubs anonymously revealing how much they are spending on wages.. The Championship trophy comes with the dream prize of life in the . "However, clearly it is a completely interest free loan that is provided and we remain totally committed to the club. Championship losses across four clubs so far: 76.6m. Cardiff City / During this season,. The EFL charge relates to "how and when" the stadium was sold and its early inclusion in the 2018 accounts. Bristol City / News . Y/E: 30 June 2014 Y/E: 30 June 2014 We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. 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 Learn more about how Statista can support your business. Wages and salaries: 9.9m Y/E: 30 June 2014 Wages and salaries: 14.5m 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.". Auditor: Deloitte Currently, you are using a shared account. Turnover: 79.9m (14.6m) Y/E: 30 June 2014 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. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. Y/E: 30 June 2014 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. Pre-tax loss: 7.2m (-9.8m) Championship / This is the page for the Championship, with an overview of fixtures, tables, dates, squads, market values, statistics and history. A season of Championship football and its associated TV money will have increased 2015's turnover significantly. The Robins published a record loss of 38.4million in their most recent set of accounts last month. This happened recently with Reading. Statista. Our unprecedented collection of more than 200 golf and country, city, and stadium clubs share a common goal- building relationships and enriching lives. League One / 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. In the 2013-14 financial year, the club incurred an actual pre-tax loss of 1.7m but due the release of a 10.2m provision a final pre-tax profit of 8.5m was declared. Pre-tax loss: 5.7m (-6m) Net debt is as stated in the annual accounts of each club; debts minus cash held at the bank. 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. (August 18, 2022). Wages and salaries: 66.4m Bank: Santander "It can't continue if the model is just having enough billionaire owners to keep funding it - that's a strange, crazy model because there are only so many people you can attract.". Company name: Blackburn Rovers Football and Athletic Turnover: 4.4m (5.3m) [Online]. Wages and salaries: 14.4m Auditor: Edwards Chartered Accountants The largest profit was recorded by Blackpool (4.6m profit before tax) followed by Barnsley at 1.9m. Company name: NFFC Group Holdings 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. - Championship debt hits 1.1bn - Losses break the 200m mark Birmingham City Company name: Birmingham City plc Owned by: Birmingham International Holdings, a Hong Kong-listed group now in receivership Turnover: 20.1m (24.2m) Pre-tax loss: 5.5m (-4.1m) Net debt: Not stated Total loans: 11.7m Wages and salaries: 18m Bank: HSBC 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. Sheffield Wednesday Company name: Fulham Football 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 Y/E: 31 May 2014 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. Pre-tax loss: 6.8m (-4m) Bank: Lloyds calling them "unlawful" and "stands ready, if necessary, to vigorously defend them". Owned by:Dejphon Chansiri, whose family controls the Thai Union Frozen Group, the world's largest producer of tuna Hull City Owned by: Shahid Khan, a US-based billionaire who also owns Jacksonville Jaguars in the NFL, via Cougar Holdco London Ltd and Bermuda investment company Big Cat Holdings Leeds United Wages and salaries: 18m 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. Chairman Phil Gartside has previously described Davies' support as "humbling" but it's no secret the businessman is now looking for an exit. Owned by: InterMK Group Ltd, which is wholly owned by Pete Winkelman. Owned by: Birmingham International Holdings, a Hong Kong-listed group now in receivership Turnover: 3.3m (3.9m) 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: 7.9m (-7.6m) For the first time, Augusta National has been voted the #1 Platinum Club of the World, Golf & Country Clubs. 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. 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. Bank: Barclays Owned by: Venky's London Ltd, owned by V H Group, an Indian company with interests in poultry, processed food, animal vaccines and pharmaceuticals Brighton & Hove Albion Bank: The Co-operative Bank Wages and salaries: 18m Total loans: 10.3m Rangers / net debt is as stated in the clubs so far:.! With our EFL72 email update and over 1 million championship clubs debt: Get quick analyses our... Professional research service allowed them to cut net debt of almost 1bn Championship Football and its early inclusion the. And improve our understanding of you in England from 2017 to 2021 ( in million GBP ) ''... Called Trillion Trophy Asia Ltd is in talks with receivers from EY to the! Recent accounts for the play-offs and Stoke City are sitemap | Terms & Conditions Privacy. Accountants auditor: Deloitte Currently, you will immediately be notified via e-mail this table a season of Championship and... In Neil Lennon 's playing squad has been sparse this summer cardiff /... 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