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. Y/E: 30 June 2014 Guardian analysis of the most recent accounts for the Championship clubs shows a combined net debt of almost 1bn. Are you interested in testing our business solutions? The Robins published a record loss of 38.4million in their most recent set of accounts last month. 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. Greg Lea is a . Karl Robinson's side are currently adjusting well to life in the Championship and can expect a turnover jump in their current financial year. 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. Invited reflects our proud history of inclusiveness and captures our welcoming spirit. 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. Y/E: 30 June 2014 Turnover: 19.6m (15.3m) "However, although these measures . 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 Wolverhampton Wanderers Bank: The Co-operative Bank The Debt figures should be treated with caution as clubs have many different arrangements for dealing with this through either private individuals . debt / calling them "unlawful" and "stands ready, if necessary, to vigorously defend them". 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. 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. At least three Championship clubs have been earmarked as being under intense scrutiny with regards their financial situations. Owned by: Redrow founderSteve Morgan throughBridgemere UK plc Guardian analysis shows that the 24 clubs in the 2012-13 Championship had a collective net debt of almost 1bn. Owned by: Wordon Group, a company incorporated in the Isle of Man and controlled by the family interests of Trevor Hemmings E: david.casey@newsco.com, Michael Stachini, Professional & Financial Services Manager Leicester City, Wolverhampton Wanderers and Cardiff City all reported losses of more than 30m. Net debt: 79.8m Bank: Barclays Show publisher information 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. 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. 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.". The time has come to build on our traditions and write new chapters. Both clubs deny breaching any P&S rules. Or by navigating to the user icon in the top right. Auditor:Myers Clark Brighton & Hove Albion Bank: Santander The loans totalling 76m are all owed to Gibson. League One / Sheffield Wednesday / Middlesbrough / By contrast, the Football Leagues current TV deal is worth 195m over three years from 2012-13, just 3.5% of the Premier Leagues. I was amazed by this table. Pre-tax profit: 8.5m (-33.1m) Blackburn Rovers More than half of clubs are spending more on wages than they make in income. 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. . As for Boro and Stoke, the other clubs highlighted in the report, they are in their fifth and fourth seasons outside the Premier League respectively. Last May the Potters posted huge pre-tax losses of 88m. Wages and salaries: 11.1m 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. For the latest from the pitch sign up for our football newsletter. turnover / Owned by: Isle of Man businessman Eddie Davies, a self-made millionaire, and Fildraw Private Trust, a company registered in Bermuda Net debt: 81.1m 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. Y/E: 31 May 2014 Otherwise the business plan, which albeit required quite a lot of investment from the owner, was relatively sound.". Reading / Guardian analysis of the most recent accounts for the Championship clubs shows a combined net debt of almost 1bn. Owned by: Pula Sport, owned by billionaire and Hargreaves Lansdown co-founder Steve Lansdown Nottingham Forest / Promotion to the Premier League instantly inflated the club's turnover and allowed them to cut net debt by 8m and turn a profit. Bristol City Auditor: Cassons Business Advisers Pre-tax loss: 42.1m (-36.5m) Net debt: 24m Company name: NFFC Group Holdings Seminole. Auditor: Jacksons We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. Turnover: 6.1m (9.9m) Championship / Whether you work in Merchandising, Operations, Championship Administration, or Will Call, you will gain valuable experience and see firsthand how an exemplary golf championship is conducted. Championship / PNE lost 16.8m on 13.8m revenue, wages to turnover at 176%, (interest-free) gross debt up to 77.4m. "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 . Burnley / Of the clubs in the Championship during 2012-13, only four made a. Bank: HSBC As always you can unsubscribe at any time. Wolverhampton Wanderers /, Andy Slim, Managing Director, North Company name: Preston North End Ltd A leaked questionnaire has highlighted just how much Championship clubs are paying out. Y/E: 30 June 2014 You can only download this statistic as a Premium user. Transfers & rumours . Auditor: Gibson Booth 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. For the first time, Augusta National has been voted the #1 Platinum Club of the World, Golf & Country Clubs. These comprehensive custom club fittings help you play . Company name: Cardiff City Football Club 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. Something went wrong, please try again later. Brentford / By using our services, you agree to our use of cookies. Be sure not to miss out on the latest news about Manchester United Net debt: Not stated Three-quarters of the clubs in the Championship responded, although it is not known if Huddersfield Town and Sheffield Wednesday were among this number. 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. Leeds United / To use individual functions (e.g., mark statistics as favourites, set Vysyble says more than half of clubs are spending more on wages than they make in income. Auditor: KPMG Pre-tax loss: 23.9m (-8m) Pre-tax loss: 20.3m (-9.4m) Khan has vowed to support the club financially despite a cut in parachute payments this season. Leeds' accounts make for complicated and pretty grim reading. 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. They immediately put the club into a debt of 525m after taking out several big loans. For further information regarding Insider events, please use the contact details below: T: 0161 907 9758 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. Parachute payments this year will mean Sean Dyche's side are better placed to challenge for promotion than most. In, Deloitte. Access to this and all other statistics on 80,000 topics from, Show sources information The newly promoted club have a 20m interest-free loan from Lansdown, who continues to bankroll the Cherries. Owned by: Venky's London Ltd, owned by V H Group, an Indian company with interests in poultry, processed food, animal vaccines and pharmaceuticals Owned by:Dejphon Chansiri, whose family controls the Thai Union Frozen Group, the world's largest producer of tuna Pre-tax profit: 9.4m (-25.6m) 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 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.". Turnover: 30.4m (26.9m) How much money did they spend on wages and how much profit did they make? The club, which is now bringing a claim against the EFL, says it has "numerous emails, letters and other documents in which the EFL gave authorisation to the transaction, and on which authorisation the club understood it could rely". 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. Club-by-club guide to Championship finances Championship clubs rack up 1bn debt. 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. Preston North End / Y/E: 30 June 2014 Financial figures for 2012-13, for the 24 clubs which were in the Championship during 2012-13. 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. Let us know in the comments. Original reporting and incisive analysis, direct from the Guardian every morning, Shaun Harvey explained that the financial fair play rules are aimed at staunching the huge losses made by Championship clubs. Auditor: Deloitte 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. 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. The separate categories of turnover are rounded down or up, so added together do not always tally with the total turnover figure. Get full access to all features within our Business Solutions. Carter released a statement later on Wednesday expressing confidence his . 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. Chart. Company name:Sheffield Wednesday Football Club 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. Pre-tax loss: 9.8m (-65.4m) Turnover: 79.9m (14.6m) - Losses break the 200m mark. Hull City / The club lost a staggering 20.3m as falling gate receipts and TV revenue contributed to a drop in turnover. According to new research from the Insider, the turnover for the league. Total loans: 172,000 owed to ASD 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. 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). Y/E: 30 June 2014 Many teams are recording significant losses over one or two seasons in an attempt to gain promotion to the Premier League. Turnover: 38.7m (60.6m) Results will appear on the next page. Turnover: 4.4m (5.3m) The fifth-tier club finally settled their 1.4million debt to HMRC on Tuesday; . Invited. Y/E: 30 June 2014 Cardiff City Y/E: 30 June 2014 The chart below shows how the clubs compare by turnover, wage bill and wages as a proportion of turnover. Company name: Queens Park Rangers Football & Athletic Club Owner Birmingham International Holdings is in receivership with Carson Yeung, its largest shareholder, facing money laundering charges in Hong Kong. Sheffield Wednesday deny the charges, calling them "unlawful" and "stands ready, if necessary, to vigorously defend them". 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". Ipswich Town / Pre-tax loss: 6.8m (-4m) Deloitte. Birmingham City 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. 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 Company name: Blackburn Rovers Football and Athletic League Two / Closer to home we are self sufficient, NCFC is not bleeding money and we don't rely on wealthy . 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. Bank: Barclays 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. Afterfour years playing home gamesin Sheffield, their 12,000-seater New York Stadium is this season hosting its second consecutive year of Championship football. Y/E: 30 June 2014 Turnover: 11m (7.1m) Wages and salaries: 18.8m Company name: Ipswich Town Football Club Company Wages and salaries: 4.8m In 2017-18 those receiving parachute payments had a total revenue of 51m against 21m for those without. The EFL determined the Royals lost 57.8m between 2017 and 2021 - the EFL's limit for that period is 39m. 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Rotherham United / Moreover, almost all of the financial debt has come from banks (3.3 bln), compared to only 0.2 bln from owners. 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. Owned by: Birmingham International Holdings, a Hong Kong-listed group now in receivership Preston North End "Clubs, however, must be given the freedom and flexibility to strive for success within the parameters of the regulations. Owned by: Matthew Benham, a betting industry tycoon and owner of Danish side FC Midtjylland Queens Park Rangers / .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. The EFL said that it has "demonstrated that appropriate action will be taken in accordance with our regulations when breaches are identified". Register in seconds and access exclusive features. Photograph: Craig Brough/Action Images, Club-by-club finances in the Championship 2012-13, worth 195m over three years from 2012-13. Total loans: 76m The average club receiving parachute payments had a total revenue of 13m in 2001-02 against 10m for those without. Company name: Brighton & Hove Albion Holdings 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. One source has told SSN they have never seen such a high level of debt in any Championship football club. Total loans: 62.5m Prutton assesses West Brom, Fulham and Sheff Utd's chances of success, Reading were docked six points this season for a breach of profit and sustainability rules, Bristol City are in their seventh consecutive season in the Championship, Stoke City are in their fourth season outside the Premier League, Despair for Andy Carroll as he scores two superb goals - only for both to be ruled out, Where last 10 Championship top scorers are now from Premier League to non-league. 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. 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. For further information regarding Insider events, please use the contact details below: T: 0161 907 9758 Net debt is as stated in the annual accounts of each club; debts minus cash held at the bank. 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. Leeds United / Y/E: 30 June 2014 Company name: Hull City Tigers Owned by: Marcus Evans through the Isle of Man-registered Marcus Evans Worldwide Holdings (IOM) Wages and salaries: 14.4m Additional reporting by BBC Sport's Jack Skelton. The club had a turnover of 19.6m in 2012-13. Bank: Barclays 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. That is topped up to a total of 4m with 2.3m from. Reading / Despite manager Gary Rowett stabling the Blues' on field performance, the club's off field future is much less certain. Bank: Barclays 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. As always you can unsubscribe at any time. 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. Turnover jump in their current financial year ' on field performance, the turnover for latest... Taken in accordance with our regulations when breaches are identified '' receipts and TV revenue contributed a. Results will appear on the next page at any time club-by-club guide to Championship finances Championship clubs have earmarked! We use your sign-up to provide content in the ways you 've to... 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