Lifelong Boro' fan Steve Gibson, a multimillionaire through his Bulkhaul logistics business, continues to bankroll the club which are dependent on his support. Southend also announced "working capital" funds had been injected to help the club over the coming months. 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. Bank: Santander 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) Owned by: Pula Sport, owned by billionaire and Hargreaves Lansdown co-founder Steve Lansdown After reaching the playoffs last season, the Bees will be hoping to go one better this time around and make the step up to the Premier League under new manager Marinus Dijkhuizen. turnover / 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) Huddersfield's losses for their most recent financial year are expected to be in the region of 6m. Y/E: 30 June 2014 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. The EFL determined the Royals lost 57.8m between 2017 and 2021 - the EFL's limit for that period is 39m. 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. Auditor: Cvr Global Turnover: 6.1m (9.9m) Brentford / Derby County's latest accounts also show them virtually debt free for all intents and purposes. Both clubs deny breaching any P&S rules. HOW much debt was each Championship club in after last season? Hull City / Turnover: 12.8m (14.2m) Khan has vowed to support the club financially despite a cut in parachute payments this season. By using our services, you agree to our use of cookies. Auditor: Edwards Chartered Accountants 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 - Losses break the 200m mark. Pre-tax loss: 7.3m (-2.3m) Vysyble says more than half of clubs are spending more on wages than they make in income. Manchester United's huge debts came following the Glazer family's takeover in 2005. ", Deloitte, Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP) Statista, https://www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/ (last visited March 01, 2023), Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP) [Graph], Deloitte, August 18, 2022. 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. More than half of clubs are spending more on wages than they make in income. Learn more about how Statista can support your business. Pre-tax loss: 11.7m (-31m) Story Saved Promotion to the Premier League instantly inflated the club's turnover and allowed them to cut net debt by 8m and turn a profit. Net debt: 81.1m 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. 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T: 0161 907 9729 Turnover: 3.3m (3.9m) Bank: Barclays Fulham / 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.". League One / Y/E: 31 May 2014 "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. CLICK THROUGH THE GALLERY ABOVE TO SEE. Fulham told the BBC that, despite posting losses of 45m in one year, they would not have broken the three-year P&S limit even if they had not been promoted. Y/E: 31 May 2014 The three clubs - Wolves, Fulham and Cardiff - to post the highest pre-tax losses all did gain promotion to the Premier League that year. Bank: Lloyds Bank The club has amassed almost 30m of debt with HMRC, owes a further 20m to the US. Bank: Lloyds Bank Birmingham City Turnover: 11m (7.1m) Losses / The Robins published a record loss of 38.4million in their most recent set of accounts last month. Owned by: Wordon Group, a company incorporated in the Isle of Man and controlled by the family interests of Trevor Hemmings Deloitte. Turnover: 20.1m (24.2m) 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. Bank: State Bank of India [Online]. As a Premium user you get access to the detailed source references and background information about this statistic. Show publisher information 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.. Please do not hesitate to contact me. Wolverhampton Wanderers /, David Casey, Digital News Editor The Championship is a "bubble waiting to burst" because clubs are posting record losses in a "gamble" to reach the Premier League. Bolton Wanderers / 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. Net debt: 24m 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. 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 charge relates to "how and when" the stadium was sold and its early inclusion in the 2018 accounts. Pre-tax loss: 9.8m (-65.4m) 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. Last updated on 12 December 201912 December 2019.From the section Championship. Results will appear on the next page. Turnover: 19.6m (15.3m) Company name: Ipswich Town Football Club Company 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. Middlesbrough / Auditor: Cassons Business Advisers The rules allow clubs to lose 3m this year, plus a further 5m if paid in by an owner. 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. 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). 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 club had a turnover of 19.6m in 2012-13. Stewart has pumped more than 30m in over the last seven years. 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. We welcome you to join us. 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. Data journalism and data visualisations from the Guardian, Search the worlds global development data with our gateway, Contact us at data@theguardian.com Follow us on Twitter Like us on Facebook, Original reporting and incisive analysis, direct from the Guardian every morning, Nigel Pearson, manager of Leicester City celebrates winning the Championship in April 2014. Access to this and all other statistics on 80,000 topics from, Show sources information This means that we may include adverts from us and third parties based on our knowledge of you. 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 / During this season,. Auditor: KPMG Burnley / By contrast, the Football Leagues current TV deal is worth 195m over three years from 2012-13, just 3.5% of the Premier Leagues. Company name: Charlton Athletic Football Company Auditor: Chantrey Vellacott DFK Turnover: 13.6m (15m) 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. 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). Reading Blackburn and Stoke reported a combined net debt of 248m while eight Championship clubs reported net debt in excess of 50m. This statistic is not included in your account. 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.". Pre-tax loss: 5.5m (-4.1m) The host of the 2018 U.S. Open, Shinnecock Hills, moved from 7th to 3rd place . - 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 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. Turnover: 30.4m (26.9m) The time has come to build on our traditions and write new chapters. Wages and salaries: 46.7m The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Pre-tax loss: 23.9m (-8m) Y/E: 30 June 2014 Y/E: 31 May 2014 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. 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. 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 Championship is not financially sustainable, it's a bubble waiting to burst," he said. Use Ask Statista Research Service. Net debt: 82.4m League Two / 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. Both clubs deny breaching any P&S rules. Wolves and Cardiff provided no comment. Turnover: 91.3m (73m) One source has told SSN they have never seen such a high level of debt in any Championship football club. 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. Football website the Swiss Ramble pored through the accounts to reveal the total debt that each club was in - and it makes for fascinating viewing. In, Deloitte. Welcome to the 26 th edition of the Deloitte Football Money League, an annual profile of the highest revenue generating clubs in world football. A company called Trillion Trophy Asia Ltd is in talks with receivers from EY to buy the club. The fifth-tier club finally settled their 1.4million debt to HMRC on Tuesday; . "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.". If you are an admin, please authenticate by logging in again. Wages and salaries: 20.1m Bank: Barclays To use individual functions (e.g., mark statistics as favourites, set Ipswich Town / Lifelong Wednesday fan Chris McClure told BBC Radio 5 Live his club's situation "shines a light on a bigger problem" within the league and its finances, and he now feels "numb" going to watch his side, with their season in limbo as they await their fate. Auditor: Gibson Booth A paid subscription is required for full access. 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Turnover: 10.8m (11.3m) Owned by: Vincent Tan, the Malaysian businessman Second tier trio Bristol City, Middlesbrough and Stoke City are. Net debt: 46.1m Something went wrong, please try again later. Company name: Leeds United Football Club And with United not winning silverware anymore, things will likely not improve in 2020. Auditor: Deloitte 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. .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. 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. Or by navigating to the user icon in the top right. Auditor: PwC They loaned it 11m, according to the accounts, before in turn selling to the Italian-US businessman Massimo Cellino. Crystal Palace reported profits of 1.6m and Watford's accounts show a profit of 190,000. Bank: Barclays Preston North End 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. Tony Stewart took over at The Millers seven years ago from administrations and has helped to steer them to a secure financial footing. 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. "Net Debt of Clubs in The Premier League and Championship in England from 2017 to 2021 (in Million Gbp). Combined turnover totalled 646.4m with a significant chunk of that coming from parachute payments to relegated clubs. Company name: Bristol City Holdings Owned by: Dean Hoyle, founder of discount greeting cards chain Card Factory 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. Or by navigating to the user icon in the top right. "However, clearly it is a completely interest free loan that is provided and we remain totally committed to the club. Bank: Santander Investment in Neil Lennon's playing squad has been sparse this summer. 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. calling them "unlawful" and "stands ready, if necessary, to vigorously defend them". 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. Financial figures for 2012-13, for the 24 clubs which were in the Championship during 2012-13. Derby chief executive Sam Rush insists the club is now debt free aside from the 15m mortgage on the iPro Stadium. Wages and salaries: 3.5m 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.". A further six-point deduction is suspended until the end of next season, provided they. Be sure not to miss out on the latest news about Manchester United Debt of clubs are spending more on wages than they make in income be sure not to out... Combined turnover totalled 646.4m with a significant chunk of that coming from parachute payments to clubs! Clubs are spending more on wages than they make in income and Championship in England 2017. Turn selling to the US the Italian-US businessman Massimo Cellino iPro stadium net debt in excess of.... Loss: 5.5m ( -4.1m ) the time has come to build on our and! Championship club in after last season necessary, to vigorously defend them '' settled their 1.4million debt to on! And background information about this statistic be sure not to miss out the. 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