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.". 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. Net debt: 179.6m Turnover: 88.5m (11.1m) 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. 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. Pre-tax loss: 11.7m (-31m) Wolverhampton Wanderers /, Andy Slim, Managing Director, North Reading Bank: Barclays Both clubs deny breaching any P&S rules. 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. Y/E: 31 May 2014 Championship Club Finances. Leeds United / The EFL determined the Royals lost 57.8m between 2017 and 2021 - the EFL's limit for that period is 39m. Cardiff City / Turnover: 13.6m (15m) 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) 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. Guardian analysis of the most recent accounts for the Championship clubs shows a combined net debt of almost 1bn. 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. Owned by: Birmingham International Holdings, a Hong Kong-listed group now in receivership Turnover: 3.3m (3.9m) Karl Robinson's side are currently adjusting well to life in the Championship and can expect a turnover jump in their current financial year. The Championship's FFP rules were introduced in April 2012 set limits for losses and sanctions including transfer embargoes for overspending. 2 Footie clubs in England have racked up tax debts worth over 140 million since the start of the pandemic Credit: Alamy Premier League clubs owe 49.5million in unpaid taxes including VAT.. Bank: State Bank of India Net debt: 82.4m Auditor: Deloitte Wages and salaries: 34.5m 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. Photograph: Michael Regan/Getty Images, Club-by-club guide to Championship finances. CLICK THROUGH THE GALLERY ABOVE TO SEE. Please create an employee account to be able to mark statistics as favorites. 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). 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.. Spending on wages in 2017-18 jumped by 11% from the previous year - an 83m increase, according to Deloitte. Pre-tax loss: 23.9m (-8m) Auditor: KPMG Pre-tax profit: 167,212 (-477,023) Show publisher information Bristol City 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 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. If you are an admin, please authenticate by logging in again. The EFL said that it has "demonstrated that appropriate action will be taken in accordance with our regulations when breaches are identified". If we look at wages as a proportion of turnover, Cardiff City and Bristol City are top of the list (190%). What you can expect: This is the page for the Championship, with an overview of fixtures, tables, dates, squads, market values, statistics and history. Something went wrong, please try again later. "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.". 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. Company name:Sheffield Wednesday Football Club Blackburn and Stoke reported a combined net debt of 248m while eight Championship clubs reported net debt in excess of 50m. 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. Wages and salaries: 18m Pre-tax loss: 9.1m (-50.7m) Net debt: 25.6m Company name: Milton Keynes Dons Investment in Neil Lennon's playing squad has been sparse this summer. Detailed. Bank: Lloyds Bank Last updated on 12 December 201912 December 2019.From the section Championship. Auditor: Deloitte Sheffield Wednesday Turnover: 20.2m (15.4m) "There are Championship clubs chasing that Premier League dream and when the gamble doesn't come off somebody has to foot the bill and if they can't afford it, the club could end up in administration," he said. Manchester United's huge debts came following the Glazer family's takeover in 2005. Don't miss out on any Football League action with our EFL72 email update! We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. 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. Deloitte say this gap between wages and revenue is likely widen further to what they call an "unwelcome record high" when the 2018-19 accounts are published next year. Use Ask Statista Research Service. "Net Debt of Clubs in The Premier League and Championship in England from 2017 to 2021 (in Million Gbp). Pre-tax profit: 8.5m (-33.1m) "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. For further information regarding Insider events, please use the contact details below: T: 0161 907 9758 Net debt: 14.6m Owner Birmingham International Holdings is in receivership with Carson Yeung, its largest shareholder, facing money laundering charges in Hong Kong. Blackburn Rovers / 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. Turnover: 12.8m (14.2m) Turnover: 4.4m (5.3m) Afterfour years playing home gamesin Sheffield, their 12,000-seater New York Stadium is this season hosting its second consecutive year of Championship football. 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) 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. 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. Wages and salaries: 30.1m 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. Net debt: 64.8m I was amazed by this table. Net funds: 7m Auditor:BHP Chartered Accountants 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. You can see the net debt by club in the Datawrapper chart below. 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. As a Premium user you get access to background information and details about the release of this statistic. Wages and salaries: 46.7m 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 immediately put the club into a debt of 525m after taking out several big loans. 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. The Debt figures should be treated with caution as clubs have many different arrangements for dealing with this through either private individuals . "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.". We are the globe's top club fitter, with more than 100 locations worldwide. Net debt: 79.8m He continues to cover the club's ongoing losses and is committed to funding future losses as the Seagulls seek promotion under Chris Hughton. Ipswich Town Auditor: Nyman Libson Paul Wages and salaries: 3.5m You need a Statista Account for unlimited access. Accessed March 01, 2023. https://www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/, Deloitte. But if they don't achieve promotion, they will have to cut spending significantly in the third season - by possibly selling players or assets - to bring them under the 39m limit. Auditor: Revell Ward Turnover: 38.1m (59.3m) Despite manager Gary Rowett stabling the Blues' on field performance, the club's off field future is much less certain. And with United not winning silverware anymore, things will likely not improve in 2020. Middlesbrough / Net debt is as stated in the annual accounts of each club; debts minus cash held at the bank. 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. 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. Brighton & Hove Albion Total loans: 172,000 owed to ASD Steve Morgan continues to bankroll the club as they seek a Premier League return under Kenny Jackett. Bolton Wanderers Parachute payments will help, as will the multimillion-pound sales of Tom Ince, James Chester and Robert Brady. Leeds United / They loaned it 11m, according to the accounts, before in turn selling to the Italian-US businessman Massimo Cellino. August 18, 2022. 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. Wages and salaries: 18.8m Lifelong Boro' fan Steve Gibson, a multimillionaire through his Bulkhaul logistics business, continues to bankroll the club which are dependent on his support. Owned by: Wordon Group, a company incorporated in the Isle of Man and controlled by the family interests of Trevor Hemmings Company name: Middlesbrough Football & Athletic Company (1986) Wolves and Cardiff provided no comment. 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