Chairman Phil Gartside has previously described Davies' support as "humbling" but it's no secret the businessman is now looking for an exit. Let us know in the comments. Last updated on 12 December 201912 December 2019.From the section Championship. 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. Bolton Wanderers Guardian analysis shows that the 24 clubs in the 2012-13 Championship had a collective net debt of almost 1bn. Wages and salaries: 10.4m The loans totalling 76m are all owed to Gibson. Owned by: Venky's London Ltd, owned by V H Group, an Indian company with interests in poultry, processed food, animal vaccines and pharmaceuticals Auditor: Chantrey Vellacott DFK Pre-tax loss: 5.5m (-4.1m) 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. 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. 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: Marcus Evans through the Isle of Man-registered Marcus Evans Worldwide Holdings (IOM) Pre-tax loss: 20.4m (-18.5m) The Owls sold their ground to owner Dejphon Chansiri for 60m in June this year, allowing them to record a pre-tax profit of 2.6m for 2017-18, which allegedly helped the club meet P&S rules. The Championship is a "bubble waiting to burst" because clubs are posting record losses in a "gamble" to reach the Premier League. football / Wages and salaries: 18.8m Bank: Barclays 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. Company name: Preston North End Ltd Wages and salaries: 46.7m There have been questions raised about some clubs - including Aston Villa and Derby - and their ground sales. Turnover: 13.6m (15m) A leaked questionnaire has highlighted just how much Championship clubs are paying out. It's little over two years since Shahid Khan bought Fulham from Mohamed Al Fayed then a Premier League club. New P&S rules introduced by the EFL from the 2016-17 season allow the majority of clubs 39m in losses over three seasons. Bank: HSBC 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. Company name:Sheffield Wednesday Football Club Despite manager Gary Rowett stabling the Blues' on field performance, the club's off field future is much less certain. Reading Net debt: 64.8m Milton Keynes Dons / Auditor: KPMG Meanwhile, Championship clubs saw their combined net debt grow to 1.76 billion British pounds in the same year, following three consecutive years of increases. Of the 24 sides in the Championship, Town's net debt figure of 62.3m is only the 10th-highest, and the most recent . 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. Owned by: Fawaz Mubarak Abdulaziz Al-Hasawi and Abdulaziz Mubarak Al-Hasawi 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. Turnover: 38.7m (60.6m) Premier League / Milton Keynes Dons Huddersfield Town Sheffield Wednesday / Combined turnover totalled 646.4m with a significant chunk of that coming from parachute payments to relegated clubs. Net debt: 179.6m The rules allow clubs to lose 3m this year, plus a further 5m if paid in by an owner. - 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 "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.". Many teams are recording significant losses over one or two seasons in an attempt to gain promotion to the Premier League. Y/E: 30 June 2014 Preston North End / Invited. Owned by: Staprix NV, a company registered in Belgium, which is 95 per cent owned by Roland Duchtelet Owned by: Vincent Tan, the Malaysian businessman Steve Morgan continues to bankroll the club as they seek a Premier League return under Kenny Jackett. Bank: Barclays 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. Currently, you are using a shared account. Net debt: 11m Wages and salaries: 24m 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. Transfers & rumours . The club had a turnover of 19.6m in 2012-13. 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. Leicester City, Wolverhampton Wanderers and Cardiff City all reported losses of more than 30m. Don't miss out on any Football League action with our EFL72 email update! Ipswich Town / Owned by: Dean Hoyle, founder of discount greeting cards chain Card Factory Pre-tax profit: 8.5m (-33.1m) Auditor: Deloitte The Berkshire club were docked six points earlier this season after the EFL said the club exceeded permitted losses by 18.8m. to the Hong Kong-based company International Entertainment Corporation was because they did not see the "scary" financial situation improving. E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering, Insider analyses Championship club accounts: ownership, profit, loss, debt and the wage bill. Pre-tax loss: 9.5m (-13m) Auditor: Smith Cooper Reading / In the 2014/15 financial year, Evans transferred ownership of the club from a Bermuda-registered business to one in the Isle of Man. 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. Owned by:Dejphon Chansiri, whose family controls the Thai Union Frozen Group, the world's largest producer of tuna 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. Financial figures for 2012-13, for the 24 clubs which were in the Championship during 2012-13. Figures come from published 2017-18 accounts of each club company or group structure. 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. At least three Championship clubs have been earmarked as being under intense scrutiny with regards their financial situations. Derby chief executive Sam Rush insists the club is now debt free aside from the 15m mortgage on the iPro Stadium. "Net Debt of Clubs in The Premier League and Championship in England from 2017 to 2021 (in Million Gbp). Type in the area above to perform a search. Sheffield Wednesday Bolton Wanderers made the biggest loss at 50.6m before tax, followed by Blackburn Rovers at 36.5m. The EFL said that it has "demonstrated that appropriate action will be taken in accordance with our regulations when breaches are identified". Brighton & Hove Albion / Company name: Brighton & Hove Albion Holdings Company name: Blackburn Rovers Football and Athletic - Losses break the 200m mark. You need a Statista Account for unlimited access. turnover / Pre-tax loss: 42.1m (-36.5m) Total loans: 76m Crystal Palace reported profits of 1.6m and Watford's accounts show a profit of 190,000. 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. Wages and salaries: 8.9m Blackburn Rovers / To use individual functions (e.g., mark statistics as favourites, set 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. Turnover: 6.1m (5.8m) Otherwise, it is predicting that in five years' time, the 72 . Chart. Turnover: 32.6m (32.1m) The separate categories of turnover are rounded down or up, so added together do not always tally with the total turnover figure. Deloitte. Leeds United / Bank: Barclays Turnover: 30.6m (28.5m) If you are an admin, please authenticate by logging in again. Are you interested in testing our business solutions? 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. Company name: Birmingham City plc 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. 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. The Debt figures should be treated with caution as clubs have many different arrangements for dealing with this through either private individuals . Tony Stewart took over at The Millers seven years ago from administrations and has helped to steer them to a secure financial footing. Y/E: 30 June 2014 Owned by: Redrow founderSteve Morgan throughBridgemere UK plc As well as Reading, Derby County were handed points deductions this season. Y/E: 31 May 2014 Hull City / 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. Results will appear on the next page. In November 2014, clubs agreed to a new set of rules from 2016-17 whereby finances will be monitored over three seasons during which a 15m loss is permitted. Net funds: 7m Company name: NFFC Group Holdings to incorporate the statistic into your presentation at any time. Bolton Wanderers / pic.twitter.com/Ck6YUp0Fbg Swiss Ramble (@SwissRamble) April 19, 2021 By using our services, you agree to our use of cookies. 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 Auditor: Deloitte Fulham Net debt: 14.6m Closer to home we are self sufficient, NCFC is not bleeding money and we don't rely on wealthy . Auditor: KPMG Published less than eight months after the end of the 2021/22 season . A season of Championship football and its associated TV money will have increased 2015's turnover significantly. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Y/E: 31 May 2014 Net debt: 82.4m Club-by-club guide to Championship finances Championship clubs rack up 1bn debt. Three-quarters of the clubs in the Championship responded, although it is not known if Huddersfield Town and Sheffield Wednesday were among this number. Y/E: 31 May 2014 Wages and salaries: 34.5m "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.". 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. Turnover: 20.2m (15.4m) Auditor: Cvr Global Type in the area above to perform a search. The newly promoted club have a 20m interest-free loan from Lansdown, who continues to bankroll the Cherries. Auditor:Myers Clark 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. Afterfour years playing home gamesin Sheffield, their 12,000-seater New York Stadium is this season hosting its second consecutive year of Championship football. CLICK THROUGH THE GALLERY ABOVE TO SEE. 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. 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: Not stated Sitemap | Terms & Conditions | Privacy Policy & Cookies. This happened recently with Reading. Turnover: 16.5m (15.4m) Pre-tax loss: 1.7m (-2.5m) 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. debt / 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. "It should also be remembered that 'operating profits' are not the primary aim of most professional clubs, with owners opting to compete for success in what is an increasingly competitive marketplace.". Accessible data for 170 industries from 50 countries and over 1 Million facts: Get quick with. Million facts: Get quick analyses with our professional research service for 170 from. Are paying out York Stadium is this season hosting its second consecutive year of Championship football and associated! 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