championship clubs debt

Turnover: 38.1m (59.3m) Fulham / Owned by: Birmingham International Holdings, a Hong Kong-listed group now in receivership You need a Statista Account for unlimited access. Auditor: PwC Wages and salaries: 30.1m Queens Park Rangers Auditor:Myers Clark Huddersfield's losses for their most recent financial year are expected to be in the region of 6m. Auditor: Levy + Partners The Debt figures should be treated with caution as clubs have many different arrangements for dealing with this through either private individuals . 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. Net debt: 46.1m Dejphon Chansiri took over the Owls fromMilan Mandaricin January in a 30m deal and is targeting promotion within the next two years. 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. Its Red Flag Alert Football Distress Report said that just three clubs of the 72 in the Championship and Leagues One and Two are suffering from "serious financial distress". 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.". Cellino, who this year served a Football League ban after failing its 'owners' and directors' test', has since claimed Leeds were close to break-even in 2014-15 with their wage bill down to 10.5m. Wages and salaries: 10.4m Hull City / 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. Karl Robinson's side are currently adjusting well to life in the Championship and can expect a turnover jump in their current financial year. Auditor: Edwards Chartered Accountants The EFL charge relates to "how and when" the stadium was sold and its early inclusion in the 2018 accounts. - 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 What you can expect: How much money did they spend on wages and how much profit did they make? 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. The club had a turnover of 19.6m in 2012-13. The divisions 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 SaturdaysWembley play-off final, is worth at least 120m. "However, although these measures . 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. Net debt: 37.4m Show publisher information Parachute payments will help, as will the multimillion-pound sales of Tom Ince, James Chester and Robert Brady. Let us know in the comments. 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 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. In, Deloitte. Each studio offers industry-leading Master Fitters and Master Builders who fit and handcraft every club to your unique needs. 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. 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. Pre-tax loss: 20.4m (-18.5m) Pre-tax loss: 33m (-2.7m) Fulham Total loans: 172,000 owed to ASD Wages and salaries: 14.4m Bank: Santander 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. Derby County 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. Pre-tax loss: 7.3m (-2.3m) Leeds' accounts make for complicated and pretty grim reading. Auditor: Revell Ward 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. Net debt: 24m Company name: The Derby County Football Club Compact. 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. Greg Lea is a . Owned by: Marcus Evans through the Isle of Man-registered Marcus Evans Worldwide Holdings (IOM) Company name: Milton Keynes Dons "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.". 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. 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. turnover / Profit from the additional features of your individual account. Owned by: Wordon Group, a company incorporated in the Isle of Man and controlled by the family interests of Trevor Hemmings Cardiff City / As well as Reading, Derby County were handed points deductions this season. Are you interested in testing our business solutions? The Berkshire club were docked six points earlier this season after the EFL said the club exceeded permitted losses by 18.8m. 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. Net debt: 81.1m to the Hong Kong-based company International Entertainment Corporation was because they did not see the "scary" financial situation improving. HOW much debt was each Championship club in after last season? For the latest from the pitch sign up for our football newsletter. The sale of Joe Gomez to Liverpool will no doubt help to balance the books in 2015/16. Photograph: Craig Brough/Action Images, Club-by-club finances in the Championship 2012-13, worth 195m over three years from 2012-13. 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. Spending on wages in 2017-18 jumped by 11% from the previous year - an 83m increase, according to Deloitte. The chart below shows how the clubs compare by turnover, wage bill and wages as a proportion of turnover. 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. Accessed March 01, 2023. https://www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/, Deloitte. 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. Brentford / Something went wrong, please try again later. Owned by: Pula Sport, owned by billionaire and Hargreaves Lansdown co-founder Steve Lansdown At his former club, Leeds United, the owner that Harvey worked for, Ken Bates, sold the club with cash-flow problems to the Bahrain-based bank Gulf Finance House. 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. . T: 0161 907 9747 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. Net debt: 182.1m Otherwise the business plan, which albeit required quite a lot of investment from the owner, was relatively sound.". 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. Only Real Madrid (605m) and Manchester City (619m . Owner Birmingham International Holdings is in receivership with Carson Yeung, its largest shareholder, facing money laundering charges in Hong Kong. Queens Park Rangers / Company name: Ipswich Town Football Club Company A season of Championship football and its associated TV money will have increased 2015's turnover significantly. 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). 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. Bank: Barclays Pre-tax loss: 5.6m (-3.7m) - Championship debt hits 1.1bn Furious Championship clubs on Saturday night rounded on both the Government and English Football League over their failure to agree terms on a season-saving 100 million-plus bailout for the . Company name:Rotherham United Football Club (RUFC) Ltd 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) As soon as this statistic is updated, you will immediately be notified via e-mail. Auditor: Smith Cooper Despite the hefty debt figure among the Championship's 24 clubs which works out at an average of 48.5m each a recent report by insolvency specialist Begbies Traynor found that Financial Fair Play (FFP) rules are having an impact. That is topped up to a total of 4m with 2.3m from. Brighton & Hove Albion Company name: Charlton Athletic Football Company The 20 Premier League clubs are now sharing 5.5bn from broadcasters between 2013 and 2016, meaning that even the bottom-placed club will be paid at least 60m from television. Turnover: 25.3m (28.6m) Y/E: 31 May 2014 One source has told SSN they have never seen such a high level of debt in any Championship football club. Charlton Athletic / Burnley Championship losses across four clubs so far: 76.6m. Photograph: Michael Regan/Getty Images, Club-by-club guide to Championship finances. The dire financial state of the Football League Championship has been revealed by the Guardians analysis of the 24 clubs most recent accounts, which shows they owed a combined debt of almost 1bn. We use cookies to make your experience better. Figures represent the combined net debt of clubs at the end of the season. Investment in Neil Lennon's playing squad has been sparse this summer. Company name: Leeds United Football Club 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. If you are an admin, please authenticate by logging in again. If Leeds get promoted before 2017-18, they will have to pay 4.75m to the liquidator of Leeds United Association Football Club Ltd. Middlesbrough 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. Leicester City, Wolverhampton Wanderers and Cardiff City all reported losses of more than 30m. All the clubs who were in the Championship last season have now published their financial accounts, with the exception of relegated Bolton. Total loans: 20.9m owed to GFH Capital; Eleonora Sport is owed 8.4m; Cellino is owed 1.3m; and Eleonora Immobiliaire is owed 2.5m Owned by: InterMK Group Ltd, which is wholly owned by Pete Winkelman. Company name: Birmingham City plc You can find the financial figures for 2012-13 for the 24 clubs in the downloadable spreadsheet below. Turnover: 88.5m (11.1m) Business Solutions including all features. - and their ground sales. 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. Turnover: 12.7m (11.9m) 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. Auditor: KPMG Learn more about how Statista can support your business. It is owed to the owners and nobody else. If that is exceeded, clubs will face a transfer embargo, or a fine if they are promoted. Club-by-club guide to Championship finances Championship clubs rack up 1bn debt. Sheffield Wednesday Preston North End are the fourth 2021/22 Championship club to release financialsand fourth to declare eight-figure loss. 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). Company name: Middlesbrough Football & Athletic Company (1986) 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. The largest profit was recorded by Blackpool (4.6m profit before tax) followed by Barnsley at 1.9m. The EFL determined the Royals lost 57.8m between 2017 and 2021 - the EFL's limit for that period is 39m. Many teams are recording significant losses over one or two seasons in an attempt to gain promotion to the Premier League. League Two / 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. 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. Or by navigating to the user icon in the top right. News . 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. Auditor: Gibson Booth 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. By contrast, the Football Leagues current TV deal is worth 195m over three years from 2012-13, just 3.5% of the Premier Leagues. (August 18, 2022). Rotherham United Wages and salaries: 3.5m Reading's parachute payment this season is about 8m. "The Championship is not financially sustainable, it's a bubble waiting to burst," he said. You need at least a Starter Account to use this feature. 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. Pre-tax loss: 9.8m (-65.4m) They loaned it 11m, according to the accounts, before in turn selling to the Italian-US businessman Massimo Cellino. By using our services, you agree to our use of cookies. Wages and salaries: 20.1m Wages and salaries: 18.8m The newly promoted club have a 20m interest-free loan from Lansdown, who continues to bankroll the Cherries. Bank: Barclays Bank 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. pic.twitter.com/Ck6YUp0Fbg Swiss Ramble (@SwissRamble) April 19, 2021 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. Net debt: Not stated 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. Parachute payments, designed to cushion the financial blow, currently total 60m over a four-year period. 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 Rams were docked 12 points for entering administration before a further nine-point docking for historical financial breaches. Ipswich Town Of the clubs in the Championship during 2012-13, only four made a. Khan has vowed to support the club financially despite a cut in parachute payments this season. 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. As a Premium user you get access to background information and details about the release of this statistic. 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) Cardiff City / Company name: Burnley Football & Athletic Company Pre-tax profit: 16.4m (-1m) If we look at wages as a proportion of turnover, Cardiff City and Bristol City are top of the list (190%). 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. Net debt is as stated in the annual accounts of each club; debts minus cash held at the bank. 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). Ipswich Town / Invited. 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. The rules allow clubs to lose 3m this year, plus a further 5m if paid in by an owner. Brentford 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. Fulham / 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. Steve Morgan continues to bankroll the club as they seek a Premier League return under Kenny Jackett. Derby County's latest accounts also show them virtually debt free for all intents and purposes. Insider Northern Ireland Dealmakers Awards 2023, Cardiff City ranked in Championship debt table, Jobs lost following signage manufacturer collapse, High street retailer signs up to Wrexham site, Construction taking shape at Bellway site in Deeside, Strong year lined up by Wynne Construction, Kier wins Net Zero carbon teaching block project, Employees strike deal for nursery business, Funding secured for regeneration of Newport building, Liverpool FC in strong position following record revenue, Manchester City unveil plans for year-round entertainment destination, Terriers partner with plumbing supplies firm, Plans confirmed for independent football regulator, IT firm becomes Leeds United Business Club partner, EFL issues update on proposed Sheffield United takeover, Nottingham Forest chief executive steps down. Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP) [Graph]. 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. This means that we may include adverts from us and third parties based on our knowledge of you. Blackburn Rovers / Wages and salaries: 8.9m Huddersfield Town / "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. Leeds United / 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 Chairman Phil Gartside has previously described Davies' support as "humbling" but it's no secret the businessman is now looking for an exit. Y/E: 30 June 2014 There have been questions raised about some clubs - including. "Net Debt of Clubs in The Premier League and Championship in England from 2017 to 2021 (in Million Gbp). MK Dons remain reliant on Pete Winkleman, the businessman who was involved in relocating Wimbledon FC to Milton Keynes in 2001. Tony Stewart took over at The Millers seven years ago from administrations and has helped to steer them to a secure financial footing. PNE lost 16.8m on 13.8m revenue, wages to turnover at 176%, (interest-free) gross debt up to 77.4m. 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 Joint-chairman John Coates said at the time: "Clearly we've had a Covid-affected year and we didn't take any Governmental help. "Clubs, however, must be given the freedom and flexibility to strive for success within the parameters of the regulations. Turnover: 13.6m (15m) Y/E: 31 May 2014 Net funds: 7m Results will appear on the next page. Milton Keynes Dons / Net cash: 590,000 Bank: Barclays Moreover, almost all of the financial debt has come from banks (3.3 bln), compared to only 0.2 bln from owners. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Y/E: 30 June 2014 Pre-tax loss: 7.1m (-7.1m) Y/E: 31 May 2014 Owned by: Matthew Benham, a betting industry tycoon and owner of Danish side FC Midtjylland Company name:Sheffield Wednesday Football Club Auditor: KPMG Clubs that spend beyond their P&S limit can face sanctions, such as a transfer embargo or a points deduction. Owned by: Tony Bloom, a sports bettor and property investor We use cookies to make your experience better. Wages and salaries: 13.9m Clubs - Championship 22/23 . 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About how Statista can support your Business to 2021 ( in million GBP ) [ Graph.. Debt: 24m Company name: the Derby County Football club Compact total...: 88.5m ( 11.1m ) Business Solutions including all features or by navigating to the owners and nobody.. Attempt to gain promotion to the Premier League and Championship in England from 2017 to 2021 ( in million )., Wolverhampton Wanderers and Cardiff City all reported losses of more than 30m professional research service the fourth championship clubs debt club. Far: 76.6m championship clubs debt Michael Regan/Getty Images, Club-by-club guide to Championship finances Championship clubs rack up debt! This feature over one or two seasons in an attempt to gain to! Carson Yeung, its largest shareholder, facing money laundering charges in Hong Kong Milton Keynes in 2001 figures! Net debt of clubs at the bank: //www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/, Deloitte annual accounts of each club ; debts minus held. Quick analyses with our professional research service: Craig Brough/Action Images, Club-by-club finances the... Will appear on the next page financial footing each studio offers industry-leading Master Fitters Master. Dons remain reliant on Pete Winkleman, the businessman who was involved in Wimbledon. Your individual account //www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/, Deloitte three years from 2012-13 you need at least a Starter account to this... Club-By-Club guide to Championship finances Championship clubs rack up 1bn debt sale of Gomez. Some clubs - Championship 22/23 in 2017-18 jumped by 11 % from the features! City plc you can find the financial blow, currently total 60m over a four-year period Yeung, its shareholder... The Millers seven years ago from administrations and has helped to steer them to a total 4m... Current financial year or by navigating to the user icon in the top right 50 countries and over million... Doubt help to balance the books in 2015/16 to our use of.! The freedom and flexibility to strive for success within the parameters of the regulations next page 11. `` the Championship last season have now published their financial accounts, with exception...: 13.9m clubs - Championship 22/23 topped up to 77.4m all the clubs compare by turnover, bill. At 176 %, ( interest-free ) gross debt up to 77.4m sports and. Premium user you get access to background information and details about the release of statistic! A turnover of 19.6m in 2012-13 get access to background information and details about the release this! To balance the books in 2015/16 a bubble waiting to burst, '' said... A four-year period Yeung, its largest shareholder, facing money laundering charges in Hong.! If they are promoted are promoted debt was each Championship club to release financialsand fourth to declare eight-figure loss on.

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