As a Premium user you get access to the detailed source references and background information about this statistic. Results will appear on the next page. The league is awaiting the written ruling of an Italian court which has found Cellino guilty of tax evasion, to see if he did so dishonestly, in which case Cellino will be barred from being an owner or director, plunging Leeds into crisis again. One source has told SSN they have never seen such a high level of debt in any Championship football club. Southend also announced "working capital" funds had been injected to help the club over the coming months. 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: Barclays Bank If we look at wages as a proportion of turnover, Cardiff City and Bristol City are top of the list (190%). 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.. Premier League / This happened recently with Reading. Net debt is as stated in the annual accounts of each club; debts minus cash held at the bank. Turnover: 6.1m (9.9m) All the clubs who were in the Championship last season have now published their financial accounts, with the exception of relegated Bolton. By using our services, you agree to our use of cookies. The Debt figures should be treated with caution as clubs have many different arrangements for dealing with this through either private individuals . This is a 63 per cent reduction in the number of financially stressed football clubs since the survey was last carried out in March 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. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. Wages and salaries: 60.4m And with United not winning silverware anymore, things will likely not improve in 2020. 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. 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We guaranteed wages and didn't make redundancies. You need a Statista Account for unlimited access. 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. Stewart has pumped more than 30m in over the last seven years. Action has been precipitated by the large amount of debt which the Football League sees its clubs carrying unless action is taken now. Chairman Phil Gartside described Eddie Davies' support as "humbling" but it's no secret the businessman is now looking for an exit as Wanderers' dream of a return to the Premier League dwindles. The EFL said that it has "demonstrated that appropriate action will be taken in accordance with our regulations when breaches are identified". Auditor: Smith Cooper Pre-tax profit: 16.4m (-1m) Hull City / 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. Auditor: KPMG Greg Lea is a . 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. The club's current liabilities including sums owed to "overseas shareholders and associated undertakings" totalled an eye watering 174m. Pre-tax profit: 8.5m (-33.1m) 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. Parachute payments for the three clubs relegated to the Championship, intended to soften the financial landing, have been massively increased, to 59m over four years hence the minimum 120m promotion jackpot figure. The Championship trophy comes with the dream prize of life in the . "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.". Company name: Cardiff City Football Club Hull City / Hull City Nottingham Forest Leeds United 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. 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. turnover / League Two / The Rams were docked 12 points for entering administration before a further nine-point docking for historical financial breaches. Auditor: Deloitte Bank: Lloyds 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. 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. We are the globe's top club fitter, with more than 100 locations worldwide. Y/E: 31 May 2014 Bolton Wanderers / Owned by: Tune QPR, registered in Malaysia and owned by Tony Fernandes, Kamarudin Bin Meranun and Ruben Emir Gnanalingam (66 per cent); and Sea Dream, the family holding of Lakshmi Mittal (33 per cent) Wages and salaries: 11.8m 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). Auditor: Gibson Booth Championship / Pre-tax loss: 7.2m (-9.8m) Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP) [Graph]. Wolverhampton Wanderers /, Andy Slim, Managing Director, North 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. debt / Auditor: Baldwins Pre-tax loss: 9.1m (-50.7m) Owned by: GSE Group and chairman Mel Morris, who has made billions through King Digital Entertainment 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. Turnover: 6.1m (5.8m) However, he said the financial situation is now "getting better". Brentford / The separate categories of turnover are rounded down or up, so added together do not always tally with the total turnover figure. These comprehensive custom club fittings help you play . Lifelong Boro' fan Steve Gibson, a multimillionaire through his Bulkhaul logistics business, continues to bankroll the club which are dependent on his support. Figures come from published 2017-18 accounts of each club company or group structure. Owned by: Redrow founderSteve Morgan throughBridgemere UK plc 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. Brentford / Of the 24 sides in the Championship, Town's net debt figure of 62.3m is only the 10th-highest, and the most recent . Auditor: PwC Accessed March 01, 2023. https://www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/, Deloitte. T: 0844 980 0187 Guardian analysis of the most recent accounts for the Championship clubs shows a combined net debt of almost 1bn. Investment in Neil Lennon's playing squad has been sparse this summer. 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. Auditor:BHP Chartered Accountants Turnover: 16.5m (15.4m) Chairman Phil Gartside has previously described Davies' support as "humbling" but it's no secret the businessman is now looking for an exit. Auditor:Montpelier "However, clearly it is a completely interest free loan that is provided and we remain totally committed to the club. Auditor: KPMG 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 and salaries: 11.1m 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. 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. 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: Wages and salaries: 46.7m Brighton & Hove Albion / A company called Trillion Trophy Asia Ltd is in talks with receivers from EY to buy the club. Blackburn Rovers / 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) The average club receiving parachute payments had a total revenue of 13m in 2001-02 against 10m for those without. 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. and in other cases bank debt and deferred payments to creditors including players and senior managers have helped. CLICK THROUGH THE GALLERY ABOVE TO SEE. Pre-tax loss: 7.1m (-7.1m) Net debt: 19.2m Turnover: 91.3m (73m) A season of Championship football and its associated TV money will have increased 2015's turnover significantly. 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 owners wealth must be a bit irrelevant then, maybe a lot of these clubs are bleeding money, the owners offset the losses a bit but don't throw good money after bad. 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. 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. Parachute payments this year will mean Sean Dyche's side are better placed to challenge for promotion than most. "It's a real problem and it's only going to get worse - thank God we are out.". 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. The largest profit was recorded by Blackpool (4.6m profit before tax) followed by Barnsley at 1.9m. Queens Park Rangers / Then you can access your favorite statistics via the star in the header. Net debt: 64.8m Many teams are recording significant losses over one or two seasons in an attempt to gain promotion to the Premier League. Pre-tax loss: 10.6m (-15.3m) Guardian analysis of the most recent accounts for the Championship clubs shows a combined net debt of almost 1bn. Wages and salaries: 14.4m Turnover: 30.4m (26.9m) Total loans: 62.5m Net debt: 25.6m Company name: Preston North End Ltd Clubs - Championship 22/23 . The rules allow clubs to lose 3m this year, plus a further 5m if paid in by an owner. Of the clubs in the Championship during 2012-13, only four made a profit, of 8.3m in total. Wages and salaries: 3.5m 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. Rotherham United Access to this and all other statistics on 80,000 topics from, Show sources information Pre-tax loss: 11.7m (-31m) In 2017-18 those receiving parachute payments had a total revenue of 51m against 21m for those without. View all Wales newsView more Wales news, Birmingham City / 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. Turnover: 25.3m (28.6m) You can see the net debt by club in the Datawrapper chart below. 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. The Championship is a "bubble waiting to burst" because clubs are posting record losses in a "gamble" to reach the Premier League. 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. Company name: Bristol City Holdings By contrast, the Football Leagues current TV deal is worth 195m over three years from 2012-13, just 3.5% of the Premier Leagues. You only have access to basic statistics. 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. Blackburn Rovers / Second tier trio Bristol City, Middlesbrough and Stoke City are. Auditor: Nyman Libson Paul Spending on wages in 2017-18 jumped by 11% from the previous year - an 83m increase, according to Deloitte. Parachute payments, designed to cushion the financial blow, currently total 60m over a four-year period. Turnover: 32.6m (32.1m) Pre-tax loss: 23.9m (-8m) Or by navigating to the user icon in the top right. Something went wrong, please try again later. Reading What you can expect: 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. Pre-tax loss: 33m (-2.7m) Be sure not to miss out on the latest news about Manchester United They loaned it 11m, according to the accounts, before in turn selling to the Italian-US businessman Massimo Cellino. If that is exceeded, clubs will face a transfer embargo, or a fine if they are promoted. Net debt: 24m 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. This means that we may include adverts from us and third parties based on our knowledge of you. 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. 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. Preston North End / Turnover: 20.2m (15.4m) E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering, Insider analyses Championship club accounts: ownership, profit, loss, debt and the wage bill. They immediately put the club into a debt of 525m after taking out several big loans. Photograph: Craig Brough/Action Images, Club-by-club finances in the Championship 2012-13, worth 195m over three years from 2012-13. Wages and salaries: 34.5m Club-by-club guide to Championship finances Championship clubs rack up 1bn debt. Middlesbrough / In that sense it is a soft debt.". Promotions to League One and the Championship, and that night of all nights against Manchester United: 1-0 . Wages and salaries: 4.8m Bank: Royal Bank of Scotland Wages and salaries: 13.9m 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. 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. 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Pre-tax loss: 9.5m (-13m) Bank: Barclays However, from 2016-17, payments will be made over three years instead of four, while clubs who are relegated after just a single year in the Premier League will only quality for two years' of payments. Preston North End are the fourth 2021/22 Championship club to release financialsand fourth to declare eight-figure loss. 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. Combined turnover totalled 646.4m with a significant chunk of that coming from parachute payments to relegated clubs. As well as Reading, Derby County were handed points deductions this season. Manchester United's huge debts came following the Glazer family's takeover in 2005. Charlton Athletic / 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. Auditor: Cassons Business Advisers 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. 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. Wolverhampton Wanderers /, David Casey, Digital News Editor Figures represent the combined net debt of clubs at the end of the season. North End are the globe & # x27 ; s top club fitter, with more 100! 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