Action has been precipitated by the large amount of debt which the Football League sees its clubs carrying unless action is taken now. 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. 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). "If we can achieve what we're aiming for in terms of a sustainable operating model, I believe the EFL has a very strong future.". Sitemap | Terms & Conditions | Privacy Policy & Cookies. This means that we may include adverts from us and third parties based on our knowledge of you. Company name: W.W. (1990) Ltd "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. 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. Owned by: Massimo Cellino's Eleonora Sport (75 per cent); Gulf Finance House (21.43 per cent); Leeds City Holdings [75 per cent owned by Eleonora and 25 per cent by GFH] (3.57 per cent) Preston North End Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Turnover: 19.6m (15.3m) Y/E: 30 June 2014 Huddersfield Town / 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. Clubs - Championship 22/23 . 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: Bolton Wanderers Football & Athletic Company Chart. Total loans: 11.7m Losses / Wages and salaries: 20.1m All data was researched and compiled by sports writer, David Conn from the most recently published annual reports at Companies House. Preston North End / Bank: Barclays 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. 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. 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. Derby County / Brighton & Hove Albion Y/E: 31 May 2014 Otherwise, it is predicting that in five years' time, the 72 . 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. 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. Turnover: 30.4m (26.9m) Auditor: Deloitte Manchester United's huge debts came following the Glazer family's takeover in 2005. Sharpe, who is now an agent, says that "a salary cap is the only way to solve the problem". Turnover: 12.8m (14.2m) Company name:Rotherham United Football Club (RUFC) Ltd Brentford / Auditor: KPMG 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. By using our services, you agree to our use of cookies. Story Saved The sale of Joe Gomez to Liverpool will no doubt help to balance the books in 2015/16. Y/E: 30 June 2014 Bristol City / Bank: HSBC Closer to home we are self sufficient, NCFC is not bleeding money and we don't rely on wealthy . Net debt: 81.1m Ipswich are not in debt to any financial institution with all loans owed to Marcus Evans, the conference and events entrepreneur who has a reported wealth of 765m. In that sense it is a soft debt.". Wolverhampton Wanderers Harvey said the losses, made by 20 of the 24 clubs, 349m overall, and the reliance on owners funding mostly with loans charging interest prompted the introduction of financial fair play rules which will be enforced for the first time this summer. Results will appear on the next page. Total loans: 44.1m Auditor: Gibson Booth MK Dons remain reliant on Pete Winkleman, the businessman who was involved in relocating Wimbledon FC to Milton Keynes in 2001. That is topped up to a total of 4m with 2.3m from the Premier League in solidarity payments, a recognition by the 20 top clubs of the vast financial gap the breakaway opened up. 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. They were a combined 947m in debt, mostly to owners supplying interest-bearing loans to pay wages of players they hope will claim the lucrative prize of Premier League promotion. Y/E: 30 June 2014 Bank: Barclays 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.". Bolton Wanderers / Tony Stewart took over at The Millers seven years ago from administrations and has helped to steer them to a secure financial footing. Preston North End / The separate categories of turnover are rounded down or up, so added together do not always tally with the total turnover figure. Derby County and Reading have both received points deductions this season in the Championship, with the Rams' two separate punishments totalling 21 points and Reading. Detailed. Leeds' accounts make for complicated and pretty grim reading. 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 By contrast, the Football Leagues current TV deal is worth 195m over three years from 2012-13, just 3.5% of the Premier Leagues. Huddersfield Town / Bank: Barclays Are you interested in testing our business solutions? New P&S rules introduced by the EFL from the 2016-17 season allow the majority of clubs 39m in losses over three seasons. 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. More than half of clubs are spending more on wages than they make in income. The EFL determined the Royals lost 57.8m between 2017 and 2021 - the EFL's limit for that period is 39m. You need at least a Starter Account to use this feature. On Wednesday, Georgia police announced a warrant for Carter's arrest on suspicion of reckless driving and racing. As soon as this statistic is updated, you will immediately be notified via e-mail. Auditor: KPMG They immediately put the club into a debt of 525m after taking out several big loans. Net debt: Not stated Turnover: 13.6m (15m) Auditor: Cassons Business Advisers 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. 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. Pre-tax loss: 1.7m (-2.5m) Net debt: 82.4m Shaun Harvey, the Football League's chief executive, pointed out that means that the winner of Saturdays match will receive the same from one season in the Premier League as from playing in the Championship for the next 30 years. Company name: Reading Football Club Ltd Milton Keynes Dons Learn more about how Statista can support your business. 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. Promotions to League One and the Championship, and that night of all nights against Manchester United: 1-0 . Published less than eight months after the end of the 2021/22 season . 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). Turnover: 30.6m (28.5m) 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. Pre-tax loss: 7.9m (-7.6m) Pre-tax profit: 16.4m (-1m) Middlesbrough / Owned by: Allamhouse Ltd, the business behind the interests of Assem Allam Stewart has pumped more than 30m in over the last seven years. Sheffield Wednesday Wages and salaries: 30.1m A leaked questionnaire has highlighted just how much Championship clubs are paying out. 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 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 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. 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". Pre-tax loss: 9.8m (-65.4m) to incorporate the statistic into your presentation at any time. League Two / The largest profit was recorded by Blackpool (4.6m profit before tax) followed by Barnsley at 1.9m. 5 Live's analysis found that the losses detailed on the public annual accounts for five Championship clubs were approaching or exceeding 39 million in 2017-18 alone. Blackburn Rovers 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. Turnover: 11m (7.1m) 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. E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering, Insider analyses Championship club accounts: ownership, profit, loss, debt and the wage bill. Company name: Queens Park Rangers Football & Athletic Club The club had a turnover of 19.6m in 2012-13. 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. They loaned it 11m, according to the accounts, before in turn selling to the Italian-US businessman Massimo Cellino. Owner Birmingham International Holdings is in receivership with Carson Yeung, its largest shareholder, facing money laundering charges in Hong Kong. Turnover: 12.7m (11.9m) 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. Bank: Lloyds Auditor: Revell Ward Bolton Wanderers / as happened to Birmingham City last season. The Shrimpers sit sixth in the National League, looking to make a push for the play-offs. Of the clubs in the Championship during 2012-13, only four made a profit, of 8.3m in total. Bank: Barclays 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 Debt figures should be treated with caution as clubs have many different arrangements for dealing with this through either private individuals . - and their ground sales. 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. Pre-tax loss: 11.7m (-31m) 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 Wages and salaries: 18m Owned by: Dean Hoyle, founder of discount greeting cards chain Card Factory "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.". (August 18, 2022). Auditor: Baldwins Wages and salaries: 8.9m 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 '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. . 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 . Net cash: 590,000 It is owed to the owners and nobody else. The Robins published a record loss of 38.4million in their most recent set of accounts last month. What is your view on how football can become more sustainable? Company name: Birmingham City plc Y/E: 31 May 2014 Burnley / View all Wales newsView more Wales news, Birmingham City / 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. Pre-tax profit: 8.5m (-33.1m) - 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 Leeds United / 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. 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. 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 Owned by: Tony Bloom, a sports bettor and property investor Pre-tax loss: 42.1m (-36.5m) Rotherham United / 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. Of 19.6m in 2012-13 the statistic into your presentation at any time to Birmingham last... Should be treated with caution as clubs have many different arrangements for dealing with this through either private.! 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