Net debt: 19.2m Or by navigating to the user icon in the top right. Khan has vowed to support the club financially despite a cut in parachute payments this season. Parachute payments, designed to cushion the financial blow, currently total 60m over a four-year period. .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. 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. Turnover: 20.1m (24.2m) Company name: Charlton Athletic Football Company Parachute payments this year will mean Sean Dyche's side are better placed to challenge for promotion than most. Harvey explained that the financial fair play rules are aimed at staunching the huge losses made by Championship clubs. However, he said the financial situation is now "getting better". 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.. Championship / I was amazed by this table. Of the 24 sides in the Championship, Town's net debt figure of 62.3m is only the 10th-highest, and the most recent . Ipswich Town Y/E: 30 June 2014 Bristol City / The EFL said that it has "demonstrated that appropriate action will be taken in accordance with our regulations when breaches are identified". Fulham / Leeds United / As always you can unsubscribe at any time. 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. The club's overall revenue of 594million saw them climb from seventh to third in the Deloitte Football Money League for 2021-22. football / Insider Northern Ireland Dealmakers Awards 2023, Currency risk threatens international trade, Transport group completes management buyout, Aston Martin has renewed confidence despite losses widening, Argos depots lined up to close in Sainsburys logistics restructure, Paypoint eyes growth after completing Appreciate deal, New vice president for the British Ceramic Confederation, Terriers partner with plumbing supplies firm, IT firm becomes Leeds United Business Club partner, EFL issues update on proposed Sheffield United takeover, Nottingham Forest chief executive steps down, Dudleys targets further growth following 2022 turnover rise, Go-ahead for negotiations to secure future of John Smiths Stadium, Workwear provider becomes LUFC Business Club member, Velocity Composites expands with $100m GKN agreement. Owned by: GSE Group and chairman Mel Morris, who has made billions through King Digital Entertainment Y/E: 31 May 2014 Each studio offers industry-leading Master Fitters and Master Builders who fit and handcraft every club to your unique needs. Turnover: 10.8m (11.3m) Bank: Barclays 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) Bank: Barclays Owned by: Birmingham International Holdings, a Hong Kong-listed group now in receivership Net debt: Not stated By using our services, you agree to our use of cookies. "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.". New P&S rules introduced by the EFL from the 2016-17 season allow the majority of clubs 39m in losses over three seasons. Club-by-club guide to Championship finances Championship clubs rack up 1bn debt. turnover / Promotions to League One and the Championship, and that night of all nights against Manchester United: 1-0 . Y/E: 30 June 2014 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 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. 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. On Wednesday, Georgia police announced a warrant for Carter's arrest on suspicion of reckless driving and racing. 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). Wages and salaries: 18.8m Pre-tax loss: 11.7m (-31m) 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. Brighton & Hove Albion For the latest from the pitch sign up for our football newsletter. Story Saved Published less than eight months after the end of the 2021/22 season . There have been questions raised about some clubs - including. The largest profit was recorded by Blackpool (4.6m profit before tax) followed by Barnsley at 1.9m. 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. Pre-tax loss: 23.9m (-8m) Action has been precipitated by the large amount of debt which the Football League sees its clubs carrying unless action is taken now. Derby County / Tony Stewart took over at The Millers seven years ago from administrations and has helped to steer them to a secure financial footing. Bolton Wanderers One source has told SSN they have never seen such a high level of debt in any Championship football club. 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. Learn more about how Statista can support your business. Ipswich Town / Auditor: Deloitte Hull City Bank: Barclays Company name: Hull City Tigers 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: 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. Owned by: Isle of Man businessman Eddie Davies, a self-made millionaire, and Fildraw Private Trust, a company registered in Bermuda A season of Championship football and its associated TV money will have increased 2015's turnover significantly. pic.twitter.com/Ck6YUp0Fbg Swiss Ramble (@SwissRamble) April 19, 2021 Auditor: PwC The club's current liabilities including sums owed to "overseas shareholders and associated undertakings" totalled an eye watering 174m. Access to this and all other statistics on 80,000 topics from, Show sources information Pre-tax loss: 5.5m (-4.1m) The club has amassed almost 30m of debt with HMRC, owes a further 20m to the US. Queens Park Rangers Auditor: KPMG Sheffield Wednesday / Hull City / Sitemap | Terms & Conditions | Privacy Policy & Cookies. Of the clubs in the Championship during 2012-13, only four made a profit, of 8.3m in total. Y/E: 31 May 2014 Y/E: 30 June 2014 Business Solutions including all features. Wages and salaries: 46.7m Y/E: 31 May 2014 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 wages exceeded clubs' revenue by 11%, That gap is expected to widen to an all-time high for 2018-19. Auditor: Deloitte Y/E: 30 June 2014 Company name: Ipswich Town Football Club Company For further information regarding Insider events, please use the contact details below: T: 0161 907 9758 T: 0844 980 0187 Net debt: 11m 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". According to new research from the Insider, the turnover for the league. Company name: NFFC Group Holdings Milton Keynes Dons / Derby chief executive Sam Rush insists the club is now debt free aside from the 15m mortgage on the iPro Stadium. Steve Morgan continues to bankroll the club as they seek a Premier League return under Kenny Jackett. Y/E: 31 December 2014 E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering, Insider analyses Championship club accounts: ownership, profit, loss, debt and the wage bill. Owned by: Pula Sport, owned by billionaire and Hargreaves Lansdown co-founder Steve Lansdown If you are an admin, please authenticate by logging in again. Turnover: 11m (7.1m) Turnover: 19.6m (15.3m) Wages and salaries: 5.7m The rules allow clubs to lose 3m this year, plus a further 5m if paid in by an owner. 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. Turnover: 20.2m (15.4m) Owned by:Dejphon Chansiri, whose family controls the Thai Union Frozen Group, the world's largest producer of tuna To use individual functions (e.g., mark statistics as favourites, set Owned by: Staprix NV, a company registered in Belgium, which is 95 per cent owned by Roland Duchtelet For further information regarding Insider events, please use the contact details below: T: 0161 907 9758 Clearly intent on promotion, he has continued to back Aitor Karanka's side in the transfer market and will expect them to be challenging come May. Preston North End The EFL charge relates to "how and when" the stadium was sold and its early inclusion in the 2018 accounts. A company called Trillion Trophy Asia Ltd is in talks with receivers from EY to buy the club. As always you can unsubscribe at any time. Last May the Potters posted huge pre-tax losses of 88m. Show publisher information Reading / We guaranteed wages and didn't make redundancies. "Clubs, however, must be given the freedom and flexibility to strive for success within the parameters of the regulations. Turnover: 6.1m (5.8m) The fifth-tier club finally settled their 1.4million debt to HMRC on Tuesday; . "It's a real problem and it's only going to get worse - thank God we are out.". 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). 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. They loaned it 11m, according to the accounts, before in turn selling to the Italian-US businessman Massimo Cellino. Owned by:GPT Football Investment and GPT UK Investment, owned by Narin Niruttinanon (50 per cent); RFC UK Investment owned by Sasima Srivikorn (25 per cent); Universal UK Investment, owned by Sumrith Thanakarnjanasuth (25 per cent) In 2023, for the first time, the publication also analyses the revenue generated by the affiliated women's teams of these clubs. Brentford - Championship debt hits 1.1bn Wages and salaries: 13.9m Auditor: Levy + Partners 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. Ipswich Town / 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. Total loans: 76m and in other cases bank debt and deferred payments to creditors including players and senior managers have helped. Many teams are recording significant losses over one or two seasons in an attempt to gain promotion to the Premier League. Bolton Wanderers made the biggest loss at 50.6m before tax, followed by Blackburn Rovers at 36.5m. Get full access to all features within our Business Solutions. Bank: State Bank of India 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. Compact. Sheffield Wednesday deny the charges, calling them "unlawful" and "stands ready, if necessary, to vigorously defend them". Owned by: Marcus Evans through the Isle of Man-registered Marcus Evans Worldwide Holdings (IOM) 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 Championship is not financially sustainable, it's a bubble waiting to burst," he said. Bank: Royal Bank of Scotland Championship / 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. Leeds' accounts make for complicated and pretty grim reading. Let us know in the comments. 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. "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: 32.6m (32.1m) We use cookies to make your experience better. Company name: Burnley Football & Athletic Company Wolves and Cardiff provided no comment. August 18, 2022. Brighton & Hove Albion / 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. 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. 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. This means that we may include adverts from us and third parties based on our knowledge of you. 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. 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. Turnover: 91.3m (73m) 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 Although there was an exodus of players last summer, the Cottagers splashed out about 18m on players over the past 12 months, although recouped about 11m through the sale of Patrick Roberts. CLICK THROUGH THE GALLERY ABOVE TO SEE. Bristol City Net debt: 47.1m Brentford / 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. [Online]. Guardian analysis of the most recent accounts for the Championship clubs shows a combined net debt of almost 1bn. debt / Otherwise, it is predicting that in five years' time, the 72 . 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. As soon as this statistic is updated, you will immediately be notified via e-mail. Pre-tax profit: 9.4m (-25.6m) Sheffield Wednesday "You can lose 39m over three years in the Championship but it's clearly not stopping clubs - a points deduction is a slap on the wrist," said Sharpe. Type in the area above to perform a search. 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