Auditor:Montpelier Net debt: 81.1m Derby County's latest accounts also show them virtually debt free for all intents and purposes. Net debt: Not stated Company name: W.W. (1990) Ltd Y/E: 30 June 2014 He continues to cover the club's ongoing losses and is committed to funding future losses as the Seagulls seek promotion under Chris Hughton. Three-quarters of the clubs in the Championship responded, although it is not known if Huddersfield Town and Sheffield Wednesday were among this number. - 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 Blackburn Rovers / Bank: Royal Bank of Scotland Company name: Bolton Wanderers Football & Athletic Company Pre-tax profit: 9.4m (-25.6m) 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. Owned by: Wordon Group, a company incorporated in the Isle of Man and controlled by the family interests of Trevor Hemmings Bank: Barclays The multimillionaire has now loaned the club more than 37m since joining in April 2008. 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. "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.". Parachute payments, designed to cushion the financial blow, currently total 60m over a four-year period. "Net Debt of Clubs in The Premier League and Championship in England from 2017 to 2021 (in Million Gbp). They were a combined 947m in debt, mostly to owners supplying interest-bearing loans to pay wages of players they hope will claim the lucrative prize of Premier League promotion. Both clubs deny breaching any P&S rules. Total loans: 44.1m Preston North End 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. Preston North End are the fourth 2021/22 Championship club to release financialsand fourth to declare eight-figure loss. Wolverhampton Wanderers /, Andy Slim, Managing Director, North This statistic is not included in your account. We use cookies to make your experience better. At least three Championship clubs have been earmarked as being under intense scrutiny with regards their financial situations. Bank: Barclays Results will appear on the next page. 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) Owned by: Vincent Tan, the Malaysian businessman Wages and salaries: 5.7m Brentford / Wages and salaries: 18m Pre-tax profit: 16.4m (-1m) Reading / Owned by: GSE Group and chairman Mel Morris, who has made billions through King Digital Entertainment Auditor: Edwards Chartered Accountants The fifth-tier club finally settled their 1.4million debt to HMRC on Tuesday; . View all National newsView more National news, Birmingham City / By using our services, you agree to our use of cookies. Auditor: KPMG Pre-tax loss: 7.1m (-7.1m) 19 Jan 2023 06:41:25 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. Published by Statista Research Department , Dec 9, 2022 This statistic shows English Premier League and Championship clubs' average revenues in the 2019/20 season, by stream. Derby chief executive Sam Rush insists the club is now debt free aside from the 15m mortgage on the iPro Stadium. 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. 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 separate categories of turnover are rounded down or up, so added together do not always tally with the total turnover figure. Y/E: 30 June 2014 "There has been (an increase in debt to the owners). 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 . MK Dons remain reliant on Pete Winkleman, the businessman who was involved in relocating Wimbledon FC to Milton Keynes in 2001. Auditor: Cassons Business Advisers They loaned it 11m, according to the accounts, before in turn selling to the Italian-US businessman Massimo Cellino. Queens Park Rangers / However, he said the financial situation is now "getting better". Southend also announced "working capital" funds had been injected to help the club over the coming months. Net debt: 79.8m More than half of clubs are spending more on wages than they make in income. Fulham / Bolton Wanderers made the biggest loss at 50.6m before tax, followed by Blackburn Rovers at 36.5m. 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. Y/E: 30 June 2014 - Championship debt hits 1.1bn Greg Lea is a . Auditor: Cvr Global Compact. Turnover: 13.6m (15m) Crystal Palace reported profits of 1.6m and Watford's accounts show a profit of 190,000. Birmingham say since their points deduction they have worked to ensure compliance with all necessary regulations. (August 18, 2022). At least three Championship clubs have been earmarked as being under intense scrutiny with regards their financial situations. Turnover: 16.5m (15.4m) Turnover: 24m (23.4m) Owned by: Birmingham International Holdings, a Hong Kong-listed group now in receivership 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. 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. For the first time, Augusta National has been voted the #1 Platinum Club of the World, Golf & Country Clubs. Type in the area above to perform a search. The EFL charge relates to "how and when" the stadium was sold and its early inclusion in the 2018 accounts. You need at least a Starter Account to use this feature. Of the clubs in the Championship during 2012-13, only four made a profit, of 8.3m in total. The Berkshire club were docked six points earlier this season after the EFL said the club exceeded permitted losses by 18.8m. Chairman Phil Gartside has previously described Davies' support as "humbling" but it's no secret the businessman is now looking for an exit. Transfers & rumours . The Championship is a "bubble waiting to burst" because clubs are posting record losses in a "gamble" to reach the Premier League. Company name: Middlesbrough Football & Athletic Company (1986) Owned by: Venky's London Ltd, owned by V H Group, an Indian company with interests in poultry, processed food, animal vaccines and pharmaceuticals Y/E: 31 May 2014 Something went wrong, please try again later. Huddersfield's losses for their most recent financial year are expected to be in the region of 6m. In that sense it is a soft debt.". The chart below shows how the clubs compare by turnover, wage bill and wages as a proportion of turnover. Championship / Pre-tax loss: 23.9m (-8m) Burnley / Seminole. turnover / Turnover: 30.6m (28.5m) E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering, Insider analyses Championship club accounts: ownership, profit, loss, debt and the wage bill. to incorporate the statistic into your presentation at any time. The 2015 year-end figures are expected to make for similar reading, although Steve Bruce's side are currently facing up to life outside of the top division. 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. Y/E: 31 May 2014 Company name: Bristol City Holdings Wages and salaries: 13.9m 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. Additional reporting by BBC Sport's Jack Skelton. The Shrimpers sit sixth in the National League, looking to make a push for the play-offs. You need a Statista Account for unlimited access. Bolton Wanderers / Owned by: Gibson O'Neill Company, which is itself wholly owned by Steve Gibson and Mike O'Neill Only Real Madrid (605m) and Manchester City (619m . News . Net debt: 19.2m Owned by: Tony Bloom, a sports bettor and property investor 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. 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. Brentford / Bank: Santander Company name: Queens Park Rangers Football & Athletic Club Y/E: 30 June 2014 debt / Net debt is as stated in the annual accounts of each club; debts minus cash held at the bank. Hull City / Y/E: 30 June 2014 Milton Keynes Dons / The club lost a staggering 20.3m as falling gate receipts and TV revenue contributed to a drop in turnover. 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. "It's a real problem and it's only going to get worse - thank God we are out.". For further information regarding Insider events, please use the contact details below: T: 0161 907 9758 Get full access to all features within our Business Solutions. Turnover: 20.1m (24.2m) Auditor: Deloitte Auditor: Deloitte Or by navigating to the user icon in the top right. 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). We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. Parachute payments made up more than a third of the Championship's total revenue in 2017-18 - compared to just 9% when they were introduced in 2001-02 - meaning a third of the Championship's money now comes directly from the Premier League. Company name: Charlton Athletic Football Company T: 0844 980 0187 Guardian analysis of the most recent accounts for the Championship clubs shows a combined net debt of almost 1bn. Company name: Brighton & Hove Albion Holdings "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. Otherwise, it is predicting that in five years' time, the 72 . Pre-tax profit: 8.5m (-33.1m) Many teams are recording significant losses over one or two seasons in an attempt to gain promotion to the Premier League. Losses / 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. football / One source has told SSN they have never seen such a high level of debt in any Championship football club. "However, clearly it is a completely interest free loan that is provided and we remain totally committed to the club. Parachute payments will help, as will the multimillion-pound sales of Tom Ince, James Chester and Robert Brady. Middlesbrough / "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.". Y/E: 31 May 2014 Figures represent the combined net debt of clubs at the end of the season. "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. 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. Pre-tax loss: 5.6m (-3.7m) Net debt: Not stated Clubs that spend beyond their P&S limit can face sanctions, such as a transfer embargo or a points deduction, as happened to Birmingham City last season. 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. Company name: Hull City Tigers Investment in Neil Lennon's playing squad has been sparse this summer. Ipswich Town / Welcome to the 26 th edition of the Deloitte Football Money League, an annual profile of the highest revenue generating clubs in world football. Wages and salaries: 24m Auditor:Myers Clark 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. Wages and salaries: 9.9m Or by navigating to the user icon in the top right. Wages and salaries: 3.5m and in other cases bank debt and deferred payments to creditors including players and senior managers have helped. There have been questions raised about some clubs - including. 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. Y/E: 30 June 2014 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. 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. Net debt: Not stated Sitemap | Terms & Conditions | Privacy Policy & Cookies. 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. Our unprecedented collection of more than 200 golf and country, city, and stadium clubs share a common goal- building relationships and enriching lives. 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