championship clubs debt

Owned by: Fawaz Mubarak Abdulaziz Al-Hasawi and Abdulaziz Mubarak Al-Hasawi Owned by: Birmingham International Holdings, a Hong Kong-listed group now in receivership Are you interested in testing our business solutions? However, he said the financial situation is now "getting better". Owned by: Staprix NV, a company registered in Belgium, which is 95 per cent owned by Roland Duchtelet Sharpe, who is now an agent, says that "a salary cap is the only way to solve the problem". Wages and salaries: 46.7m The club has amassed almost 30m of debt with HMRC, owes a further 20m to the US. Three-quarters of the clubs in the Championship responded, although it is not known if Huddersfield Town and Sheffield Wednesday were among this number. Spending on wages in 2017-18 jumped by 11% from the previous year - an 83m increase, according to Deloitte. Pre-tax profit: 8.5m (-33.1m) "However, clearly it is a completely interest free loan that is provided and we remain totally committed to the club. Company name: W.W. (1990) Ltd 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. Net debt: Not stated Owned by: Redrow founderSteve Morgan throughBridgemere UK plc Sheffield Wednesday deny the charges, calling them "unlawful" and "stands ready, if necessary, to vigorously defend them". Championship Club Finances. Bank: Barclays Wolverhampton Wanderers /, David Casey, Digital News Editor If that is exceeded, clubs will face a transfer embargo, or a fine if they are promoted. Bolton Wanderers made the biggest loss at 50.6m before tax, followed by Blackburn Rovers at 36.5m. Karl Robinson's side are currently adjusting well to life in the Championship and can expect a turnover jump in their current financial year. Y/E: 31 December 2014 The EFL charge relates to "how and when" the stadium was sold and its early inclusion in the 2018 accounts. Company name: Birmingham City plc Net debt is as stated in the accounts; debts minus cash held at the bank. Y/E: 30 June 2014 Pre-tax loss: 7.3m (-2.3m) Wages and salaries: 60.4m Pre-tax loss: 9.1m (-50.7m) Bristol City / 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. Turnover: 6.1m (5.8m) Net debt: 4.6m Total loans: 10.3m 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. Derby County's latest accounts also show them virtually debt free for all intents and purposes. Ipswich Town Something went wrong, please try again later. 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. 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. Middlesbrough / The club had a turnover of 19.6m in 2012-13. Harvey explained that the financial fair play rules are aimed at staunching the huge losses made by Championship clubs. Sheffield Wednesday / 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 debt figure paints an alarming picture of the difficulties for many clubs to adjust to life in the Championship after dropping out of the Premier League. The loans totalling 76m are all owed to Gibson. Company name: Hull City Tigers Turnover: 20.1m (24.2m) Company name: Queens Park Rangers Football & Athletic Club Wages and salaries: 10.4m Blackburn and Stoke reported a combined net debt of 248m while eight Championship clubs reported net debt in excess of 50m. Click here for full club-by-club analysis featuring turnover, ownership, debts, wage bills and the current financial state each are in. Owned by: Shahid Khan, a US-based billionaire who also owns Jacksonville Jaguars in the NFL, via Cougar Holdco London Ltd and Bermuda investment company Big Cat Holdings Total loans: 11.7m If you are an admin, please authenticate by logging in again. It's little over two years since Shahid Khan bought Fulham from Mohamed Al Fayed then a Premier League club. Seminole. Company name: Leeds United Football Club Invited. Reading's parachute payment this season is about 8m. Hull City Auditor: Deloitte Queens Park Rangers We use cookies to make your experience better. The Berkshire club were docked six points earlier this season after the EFL said the club exceeded permitted losses by 18.8m. Bolton Wanderers remain the side with the largest debt pile of 182.1m the vast majority of which is owed to Eddie Davies, a self-made millionaire through the manufacture of thermostats and kettle parts. You only have access to basic statistics. This is the page for the Championship, with an overview of fixtures, tables, dates, squads, market values, statistics and history. Both clubs deny breaching any P&S rules. Type in the area above to perform a search. Action has been precipitated by the large amount of debt which the Football League sees its clubs carrying unless action is taken now. Auditor: Chantrey Vellacott DFK 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) Championship losses across four clubs so far: 76.6m. 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. Owned by: Chairman Mike Garlick holds a 31.2 per cent stake, while directors including John Banaszkiewicz and Brendan Flood also have shares Company name: Burnley Football & Athletic Company 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. Ipswich Town / This means that we may include adverts from us and third parties based on our knowledge of you. Show publisher information 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. We welcome you to join us. At least three Championship clubs have been earmarked as being under intense scrutiny with regards their financial situations. Net debt: 37.4m 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. 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. If a club does go up they receive promotion bonuses and their P&S limit is increased to more than 100m, meaning some sides are running up big losses over one or two years in a bid to make it up to the Premier League. 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. You can see the net debt by club in the Datawrapper chart below. 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. If we look at wages as a proportion of turnover, Cardiff City and Bristol City are top of the list (190%). What is your view on how football can become more sustainable? View all National newsView more National news, Birmingham City / 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. 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. Brighton & Hove Albion News . 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 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. Turnover: 38.7m (60.6m) 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. More than half of clubs are spending more on wages than they make in income. Bank: Barclays In, Deloitte. Y/E: 31 May 2014 Story Saved Afterfour years playing home gamesin Sheffield, their 12,000-seater New York Stadium is this season hosting its second consecutive year of Championship football. Net debt: 47.1m PNE lost 16.8m on 13.8m revenue, wages to turnover at 176%, (interest-free) gross debt up to 77.4m. He says the club are in dialogue with the EFL but that they could end up in a position next season where "maybe we'll just take the points". Pre-tax loss: 10.6m (-15.3m) Company name: Milton Keynes Dons "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. 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. 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. Available: https://www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/, Net debt of clubs in the Premier League and Championship in England from 2017 to 2021, Available to download in PNG, PDF, XLS format, Revenue of the leading European soccer leagues 2006-2023, Revenue of the leading European soccer leagues 2011-2023, by country, Brand value of the leading European soccer leagues 2018-2022, by league, Market size of European soccer leagues 2011-2021, by league type, Commercial revenue of the leading European soccer leagues 2014-2021, by league, Money spent on transfers by clubs in the leading European soccer leagues 2012-2021, Wage costs of the leading European soccer leagues 2016-2021, by country, Profitability of the leading European soccer leagues 2013-2021, by country, Revenue of English Premier League clubs 2011-2023, by stream, Brand value of selected English Premier League clubs 2011-2022, Value of English Premier League media rights worldwide 2007-2025, by region, Revenue and wage costs of English Premier League clubs 2016-2021, Revenue and wage costs of English Premier League clubs 2020-2021, by club, Net debt of English Premier League and Championship clubs 2017-2021, Revenue of German Bundesliga clubs 2008-2021, by segment, Market value of German Bundesliga clubs 2021-2022, Expenditure of the German Bundesliga 2008-2021, by segment, Total shirt sponsorship revenue of clubs in the German Bundesliga 2012-2021, Shirt sponsorship revenue of clubs in the German Bundesliga 2020-2021, by club, Yearly value of stadium naming rights in the German Bundesliga 2021-2022, by club, Number of staff in the German Bundesliga 2021-2022, by employment type, Average yearly salary of German Bundesliga players 2022-2023, by club, La Liga: TV rights revenue of football teams 2021-2022, Most valuable Spanish football clubs 2023, La Liga: average player salary 2020-2021, by club, La Liga: highest-paid footballers 2021-2022, La Liga: top goal scorer players 2021-2022, La Liga: average football match attendance 2021-2022, by team, Market value of Italian Serie A clubs as of September 2022, by club, Expenditure distribution of the Italian Serie A 2010-2021, by type, Money spent on transfers by clubs in the Italian Serie A 2010-2021, Leading Serie A soccer players in Italy as of September 2022, by market value, Average yearly salary of Italian Serie A players 2022-2023, by club, Total attendance in the Italian Serie A 2021-2022, by club, Average match attendances in the Italian Serie A 2021-2022, by club, Capacity of Italian Serie A stadiums 2022-2023, by club, Revenue of French Ligue 1 clubs 2013-2021, by stream, Market value of selected French Ligue 1 clubs 2022-2023, Money spent on transfers by clubs in the French Ligue 1 2010-2021, Aggregated transfer value of French Ligue 1 squads 2021, by club, Average yearly salary of French Ligue 1 players 2022-2023, by club, Average match attendances in the French Ligue 1 2021-2022, by club, Attitudes of French adults towards selected football competitions 2021, Yellow cards for time wasting per game in the English Premier League 2015-2023, Share of in-play game time in the English Premier League 2012-2023, In-play time in the English Premier League 2012-2023, Yellow cards for time wasting in the English Premier League 2022-2023, by club, English Premier League: number of Twitter followers in 2022, by club, Players with the most appearances in the English Premier League 1992-2023, Leading goal scorers in the English Premier League 1992-2023, Interest in the English Premier League in the U.S. 2021, Most expensive English Premier League transfers 2023, Leading Premier League goalscorers 2021/22, Interest in the English Premier League in the U.S. 2021, by age, Interest in the English Premier League in the U.S. 2021, by gender, Goalkeepers with the most clean sheets in the English Premier League 1992-2023, Gender distribution of Premier League viewers in the UK in 2021, Football League Championship: total attendance in the UK from 2010/2011 to 2020/2021, Total aggregate attendance English Premier League 2021/22, Net spend of English Premier League clubs on transfers 2021-2022, Public opinion on who will win the English Premier League 2021/22, Football League Championship: average game attendance in the UK from 2010 to 2021, Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP), Find your information in our database containing over 20,000 reports. Net debt: 182.1m Let us know in the comments. As a Premium user you get access to the detailed source references and background information about this statistic. League Two / Turnover: 88.5m (11.1m) Auditor: KPMG How much money did they spend on wages and how much profit did they make? I was amazed by this table. Hull City / T: 0161 907 9729 In 2017-18 those receiving parachute payments had a total revenue of 51m against 21m for those without. These comprehensive custom club fittings help you play . 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. Investment in Neil Lennon's playing squad has been sparse this summer. as happened to Birmingham City last season. Brentford Wages and salaries: 9.9m Y/E: 31 May 2014 Wages and salaries: 66.4m The Al-Hasawi family provided additional loans of 24.8m during the year to help support the near 24m loss. 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. 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: 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. Published less than eight months after the end of the 2021/22 season . 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. The EFL charge relates to "how and when" the stadium was sold and its early inclusion in the 2018 accounts. The Debt figures should be treated with caution as clubs have many different arrangements for dealing with this through either private individuals . Pre-tax loss: 33m (-2.7m) Wages and salaries: 20.1m Brentford / And with United not winning silverware anymore, things will likely not improve in 2020. Results will appear on the next page. Owned by: Pula Sport, owned by billionaire and Hargreaves Lansdown co-founder Steve Lansdown 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. You need a Statista Account for unlimited access. Y/E: 30 June 2014 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. Wages and salaries: 34.5m 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. Company name: Bolton Wanderers Football & Athletic Company Net funds: 7m Brighton & Hove Albion / The 'red flag' signs of early financial distress in the 72 clubs in the Championship and Leagues One and Two virtually doubled, rising from 17 English clubs last year to 33 in March 2021. . Company name: Preston North End Ltd He continues to cover the club's ongoing losses and is committed to funding future losses as the Seagulls seek promotion under Chris Hughton. Owned by: Matthew Benham, a betting industry tycoon and owner of Danish side FC Midtjylland Fulham / To life in the 2018 accounts of you are spending more on wages than they make income! This season after the end of the clubs in the 2018 accounts has. 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