Owned by: InterMK Group Ltd, which is wholly owned by Pete Winkelman. League Two / Statista. Dean Hoyle, who founded Card Factory with his wife Janet in 1997, continues to bankroll the Terriers and at the year-end converted 3.5m of his existing loans to share capital. 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. Khan has vowed to support the club financially despite a cut in parachute payments this season. (August 18, 2022). Sheffield Wednesday deny the charges, calling them "unlawful" and "stands ready, if necessary, to vigorously defend them". Parachute payments this year will mean Sean Dyche's side are better placed to challenge for promotion than most. Even The Ipswich Town owner is worth 750 million. Turnover: 10.8m (11.3m) Our unprecedented collection of more than 200 golf and country, city, and stadium clubs share a common goal- building relationships and enriching lives. As well as Reading, Derby County were handed points deductions this season. In, Deloitte. E: david.casey@newsco.com, Michael Stachini, Professional & Financial Services Manager "The Championship is not financially sustainable, it's a bubble waiting to burst," he said. Premier League / Wolves and Cardiff provided no comment. Net debt: 64.8m 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. Bolton Wanderers / Net debt: 11m Closer to home we are self sufficient, NCFC is not bleeding money and we don't rely on wealthy . 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. Bank: Barclays Y/E: 30 June 2014 T: 0161 907 9729 Of the clubs in the Championship during 2012-13, only four made a. Wages and salaries: 30.1m Company name: Bristol City Holdings "There has been (an increase in debt to the owners). Bank: Santander The club has amassed almost 30m of debt with HMRC, owes a further 20m to the US. As a Premium user you get access to the detailed source references and background information about this statistic. The largest profit was recorded by Blackpool (4.6m profit before tax) followed by Barnsley at 1.9m. 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.. The analysis, conducted with accountants Deloitte and football finance experts Vysyble, found: This follows the introduction of new profit and sustainability (P&S) rules by the English Football League in 2016-17. Company name: The Derby County Football Club All data was researched and compiled by sports writer, David Conn from the most recently published annual reports at Companies House. Net debt: Not stated 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. 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He has said the club are now debt free and has backedCarlos Carvalhalin the transfer market this summer, bringing in the likes of Marco Matias andLucas Joo. Bristol City / All the clubs who were in the Championship last season have now published their financial accounts, with the exception of relegated Bolton. By using our services, you agree to our use of cookies. Pre-tax profit: 16.4m (-1m) 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. You can see the net debt by club in the Datawrapper chart below. Vysyble says more than half of clubs are spending more on wages than they make in income. Pre-tax loss: 7.1m (-7.1m) 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. As well as seeing revenues hit due to time playing behind closed doors, the transfer market has also been hit making it harder for clubs to cash-in on players where necessary. Despite suffering relegation from the Premier League, the club's balance sheet will have been significantly strengthened by their season mixing it with football's elite. In terms of what our plans are to do with that, clearly it doesn't make great balance sheet reading to have a huge debt like that and we'll continue to look at that and decide what we will and won't do in respect of that. Wages and salaries: 10.4m Cardiff City / Photograph: Craig Brough/Action Images, Club-by-club finances in the Championship 2012-13, worth 195m over three years from 2012-13. Turnover: 88.5m (11.1m) Sitemap | Terms & Conditions | Privacy Policy & Cookies. Championship / Y/E: 31 December 2014 Company name: Cardiff City Football Club Results will appear on the next page. As a Premium user you get access to background information and details about the release of this statistic. Brighton & Hove Albion / Pre-tax loss: 7.2m (-9.8m) Pre-tax loss: 42.1m (-36.5m) If you are an admin, please authenticate by logging in again. These comprehensive custom club fittings help you play . Bank: Lloyds Bank Blackburn and Stoke reported a combined net debt of 248m while eight Championship clubs reported net debt in excess of 50m. Auditor: Deloitte Bank: Barclays Turnover: 12.8m (14.2m) Figures represent the combined net debt of clubs at the end of the season. Company name: Burnley Football & Athletic Company 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. 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. Manchester United's huge debts came following the Glazer family's takeover in 2005. Auditor: Cassons Business Advisers Rotherham United It is owed to the owners and nobody else. More than half of clubs are spending more on wages than they make in income. However, from 2016-17, payments will be made over three years instead of four, while clubs who are relegated after just a single year in the Premier League will only quality for two years' of payments. Pre-tax loss: 33m (-2.7m) Net debt is as stated in the accounts; debts minus cash held at the bank. 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. Bolton Wanderers made the biggest loss at 50.6m before tax, followed by Blackburn Rovers at 36.5m. As always you can unsubscribe at any time. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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.". Charlton Athletic / Steve Morgan continues to bankroll the club as they seek a Premier League return under Kenny Jackett. Owned by: Birmingham International Holdings, a Hong Kong-listed group now in receivership Leeds United Story Saved statistic alerts) please log in with your personal account. 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. Owned by: Chairman Mike Garlick holds a 31.2 per cent stake, while directors including John Banaszkiewicz and Brendan Flood also have shares Net debt: 14.6m Owned by: GSE Group and chairman Mel Morris, who has made billions through King Digital Entertainment Of the clubs in the Championship during 2012-13, only four made a profit, of 8.3m in total. Auditor:Myers Clark Wages and salaries: 18m Turnover: 30.6m (28.5m) The most controversial and important figure that was brought to light is the penalty or 'break-up fee' that the founding clubs would incur since they have pulled out of the European Super League. 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. Net debt: Not stated Figures come from published 2017-18 accounts of each club company or group structure. We guaranteed wages and didn't make redundancies. Bank: Barclays Brentford T: 0844 980 0187 Owned by: Matthew Benham, a betting industry tycoon and owner of Danish side FC Midtjylland Accessed March 01, 2023. https://www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/, Deloitte. Auditor: Deloitte Wages and salaries: 20.1m Fans perch up on a hill to view the 16th hole green during the fourth round of the Korn Ferry Tour Championship at Victoria National Golf Club in Newburgh, Ind., Sunday afternoon, Sept. 5, 2021. 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Owned by: Tony Bloom, a sports bettor and property investor The fifth-tier club finally settled their 1.4million debt to HMRC on Tuesday; . 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. Net debt: Not stated The time has come to build on our traditions and write new chapters. Use Ask Statista Research Service. Promotion to the Premier League instantly inflated the club's turnover and allowed them to cut net debt by 8m and turn a profit. Y/E: 30 June 2014 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. Net debt: 182.1m "Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP)." The newly promoted club have a 20m interest-free loan from Lansdown, who continues to bankroll the Cherries. Total loans: 10.3m 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. Spending on wages in 2017-18 jumped by 11% from the previous year - an 83m increase, according to Deloitte. News . "Clubs, however, must be given the freedom and flexibility to strive for success within the parameters of the regulations. Chairman Phil Gartside has previously described Davies' support as "humbling" but it's no secret the businessman is now looking for an exit. The club's overall revenue of 594million saw them climb from seventh to third in the Deloitte Football Money League for 2021-22. Pre-tax loss: 5.7m (-6m) This means that we may include adverts from us and third parties based on our knowledge of you. Turnover: 30.4m (26.9m) The Championship's FFP rules were introduced in April 2012 set limits for losses and sanctions including transfer embargoes for overspending. 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. Turnover: 19.6m (15.3m) Owned by: Staprix NV, a company registered in Belgium, which is 95 per cent owned by Roland Duchtelet The division's severe difficulties are caused principally by the financial chasm between the Championship and the Premier League, which means promotion, which will be claimed by either Derby County or Queens Park Rangers in Saturday's Wembley play-off final, is worth at least 120m. Net debt: 47.1m Results will appear on the next page. Bolton Wanderers 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. "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. Turnover: 6.1m (9.9m) 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) [Graph]. Turnover: 91.3m (73m) PNE lost 16.8m on 13.8m revenue, wages to turnover at 176%, (interest-free) gross debt up to 77.4m. Guardian analysis shows that the 24 clubs in the 2012-13 Championship had a collective net debt of almost 1bn. Championship Club Finances. The Debt figures should be treated with caution as clubs have many different arrangements for dealing with this through either private individuals . The three clubs - Wolves, Fulham and Cardiff - to post the highest pre-tax losses all did gain promotion to the Premier League that year. Fulham / Owned by: Vincent Tan, the Malaysian businessman Y/E: 30 June 2014 The EFL charge relates to "how and when" the stadium was sold and its early inclusion in the 2018 accounts. Auditor: Levy + Partners Net debt: Not stated Y/E: 30 June 2014 Pre-tax loss: 7.3m (-2.3m) 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. Milton Keynes Dons Y/E: 30 June 2014 What is your view on how football can become more sustainable? We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. The average club receiving parachute payments had a total revenue of 13m in 2001-02 against 10m for those without. Y/E: 30 June 2014 Company name: Hull City Tigers - and their ground sales. Chart. 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. 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. Auditor: Nyman Libson Paul Owned by: Redrow founderSteve Morgan throughBridgemere UK plc Queens Park Rangers / The EFL determined the Royals lost 57.8m between 2017 and 2021 - the EFL's limit for that period is 39m. During this season,. 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. Y/E: 30 June 2014 Show publisher information 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. Turnover: 38.1m (59.3m) Bank: Barclays Hull City 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. The league is awaiting the written ruling of an Italian court which has found Cellino guilty of tax evasion, to see if he did so dishonestly, in which case Cellino will be barred from being an owner or director, plunging Leeds into crisis again. 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. Brentford / E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering. Reading's parachute payment this season is about 8m. Reading / Moreover, almost all of the financial debt has come from banks (3.3 bln), compared to only 0.2 bln from owners. The host of the 2018 U.S. Open, Shinnecock Hills, moved from 7th to 3rd place . to the Hong Kong-based company International Entertainment Corporation was because they did not see the "scary" financial situation improving. Pre-tax loss: 5.5m (-4.1m) If we look at wages as a proportion of turnover, Cardiff City and Bristol City are top of the list (190%). Preston North End are the fourth 2021/22 Championship club to release financialsand fourth to declare eight-figure loss. According to new research from the Insider, the turnover for the league. Wages and salaries: 17.9m 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. 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. League and Championship in England from 2017 to 2021 ( in million GBP ) [ Graph ] Corporation because... To strive for success within the parameters of the regulations: 47.1m Results will appear on the next page seek. The host of the regulations Pete Winkelman 33m ( -2.7m ) net debt is as stated in the you! 30.1M Company name: Cardiff City Football club Results will appear on next... With this through either private individuals will appear on the next page use of cookies 13m! 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