T: 0161 907 9747 Fulham / Ipswich Town / 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 . In the 2014/15 financial year, Evans transferred ownership of the club from a Bermuda-registered business to one in the Isle of Man. 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. Huddersfield Town / Pre-tax loss: 23.9m (-8m) The research, which analysed the most recent financial accounts for all 24 clubs in this season's Championship, also found the total debt was almost double the division's collective turnover figure. The sale of Joe Gomez to Liverpool will no doubt help to balance the books in 2015/16. E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering, Insider analyses Championship club accounts: ownership, profit, loss, debt and the wage bill. Championship / Parachute payments this year will mean Sean Dyche's side are better placed to challenge for promotion than most. Read about our approach to external linking. Bank: Barclays The Al-Hasawi family provided additional loans of 24.8m during the year to help support the near 24m loss. 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. Pre-tax loss: 20.4m (-18.5m) Stewart has pumped more than 30m in over the last seven years. Wages and salaries: 8.9m 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). A further six-point deduction is suspended until the end of next season, provided they. 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. 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. That is topped up to a total of 4m with 2.3m from. Derby County / 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 . Pre-tax loss: 5.6m (-3.7m) Total loans: 44.1m Net cash: 590,000 Net debt: Not stated 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. Bolton Wanderers / 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 You need at least a Starter Account to use this feature. 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. Auditor: Edwards Chartered Accountants Losses / Charlton Athletic / and in other cases bank debt and deferred payments to creditors including players and senior managers have helped. Turnover: 3.3m (3.9m) Auditor: Chantrey Vellacott DFK Using data from the UEFA Club Licensing Benchmarking Report, which looks at figures from the 2016 financial year, this slideshow reveals the 15 European clubs with the most net debt. .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. 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. Company name: Blackburn Rovers Football and Athletic Crystal Palace reported profits of 1.6m and Watford's accounts show a profit of 190,000. Y/E: 30 June 2014 After two successive relegations, Wolves secured promotion from League One at the first time of asking and enjoyed a successful 2014-15 season back in the Championship. Net debt: 179.6m Preston North End Bank: Barclays 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. They immediately put the club into a debt of 525m after taking out several big loans. "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. A total of 31m worth of debt was owed to parent company Baton 2010 Ltd, while former chairman Richard Murray and other ex-directors were owed 7m. Turnover: 12.7m (11.9m) 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: 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. Don't miss out on any Football League action with our EFL72 email update! Wages and salaries: 18m League One / "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. Y/E: 30 June 2014 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. Photograph: Craig Brough/Action Images, Club-by-club finances in the Championship 2012-13, worth 195m over three years from 2012-13. Turnover: 13.6m (15m) Cardiff City / Invited. This is the page for the Championship, with an overview of fixtures, tables, dates, squads, market values, statistics and history. 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. (August 18, 2022). 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. Company name:Rotherham United Football Club (RUFC) Ltd Pre-tax loss: 11.7m (-31m) Turnover: 4.4m (5.3m) The Shrimpers sit sixth in the National League, looking to make a push for the play-offs. Seminole. Owned by: Venky's London Ltd, owned by V H Group, an Indian company with interests in poultry, processed food, animal vaccines and pharmaceuticals Championship Club Finances. View all Wales newsView more Wales news, Birmingham City / Net debt: Not stated Derby County's latest accounts also show them virtually debt free for all intents and purposes. "The pyramid is the lifeblood of the game - it has endured for over 100 years and we have to ensure its future for the next 100 years. 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. More than half of clubs are spending more on wages than they make in income. Birmingham say since their points deduction they have worked to ensure compliance with all necessary regulations. Wages and salaries: 18m football / Company name: Brighton & Hove Albion Holdings 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. Company name: W.W. (1990) Ltd Of the clubs in the Championship during 2012-13, only four made a. Clubs that spend beyond their P&S limit can face sanctions, such as a transfer embargo or a points deduction. Click here for full club-by-club analysis featuring turnover, ownership, debts, wage bills and the current financial state each are in. 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. Owned by: InterMK Group Ltd, which is wholly owned by Pete Winkelman. Sitemap | Terms & Conditions | Privacy Policy & Cookies. Figures come from published 2017-18 accounts of each club company or group structure. You can see the net debt by club in the Datawrapper chart below. 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. By contrast, the Football Leagues current TV deal is worth 195m over three years from 2012-13, just 3.5% of the Premier Leagues. Sheffield Wednesday deny the charges, calling them "unlawful" and "stands ready, if necessary, to vigorously defend them". Turnover: 10.8m (11.3m) Preston North End are the fourth 2021/22 Championship club to release financialsand fourth to declare eight-figure loss. 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. 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. Harvey explained that the financial fair play rules are aimed at staunching the huge losses made by Championship clubs. 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. Three-quarters of the clubs in the Championship responded, although it is not known if Huddersfield Town and Sheffield Wednesday were among this number. Compact. Net debt: 47.1m Pre-tax profit: 16.4m (-1m) In that sense it is a soft debt.". Something went wrong, please try again later. Statista. Company name:Sheffield Wednesday Football Club Then you can access your favorite statistics via the star in the header. Type in the area above to perform a search. Net debt: 79.8m 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. 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. Please create an employee account to be able to mark statistics as favorites. 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. Pre-tax loss: 9.5m (-13m) Wages and salaries: 17.9m Detailed. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. 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. Turnover: 20.2m (15.4m) Milton Keynes Dons 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. 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 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. 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. 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. Y/E: 30 June 2014 "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.". 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. Southend also announced "working capital" funds had been injected to help the club over the coming months.