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. Net debt: Not stated Photograph: Michael Regan/Getty Images, Club-by-club guide to Championship finances. Pre-tax profit: 167,212 (-477,023) As a Premium user you get access to background information and details about the release of this statistic. Sharpe, who took over Wigan from grandfather Dave Whelan in 2015, said the family were putting in "nearly 1m a month just to keep it going" despite having the fourth-lowest wage bill in the Championship. Auditor: Levy + Partners The EFL charge relates to "how and when" the stadium was sold and its early inclusion in the 2018 accounts. Blackburn and Stoke reported a combined net debt of 248m while eight Championship clubs reported net debt in excess of 50m. During this season,. Charlton Athletic / Wages and salaries: 17.9m Pre-tax loss: 6.8m (-4m) Southend also announced "working capital" funds had been injected to help the club over the coming months. debt / In that sense it is a soft debt.". Net debt: 37.4m All the clubs who were in the Championship last season have now published their financial accounts, with the exception of relegated Bolton. 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. It is owed to the owners and nobody else. Bank: Barclays Figures represent the combined net debt of clubs at the end of the season. Net debt is as stated in the accounts; debts minus cash held at the bank. Bank: Barclays ", Deloitte, Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP) Statista, https://www.statista.com/statistics/1336333/net-debt-premier-league-championship-clubs/ (last visited March 01, 2023), Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP) [Graph], Deloitte, August 18, 2022. Bank: Barclays [Online]. "Clubs, however, must be given the freedom and flexibility to strive for success within the parameters of the regulations. As always you can unsubscribe at any time. Sheffield Wednesday were charged with misconduct by the EFL last month, after an investigation into the sale of Hillsborough to the club's owner, which the EFL allege helped it meet P&S rules. Y/E: 30 June 2014 In, Deloitte. The three clubs - Wolves, Fulham and Cardiff - to post the highest pre-tax losses all did gain promotion to the Premier League that year. Last May the Potters posted huge pre-tax losses of 88m. Owned by: Fawaz Mubarak Abdulaziz Al-Hasawi and Abdulaziz Mubarak Al-Hasawi That is topped up to a total of 4m with 2.3m from. Preston North End are the fourth 2021/22 Championship club to release financialsand fourth to declare eight-figure loss. Championship / Blackburn Rovers / Promotions to League One and the Championship, and that night of all nights against Manchester United: 1-0 . Turnover: 13.6m (15m) Published less than eight months after the end of the 2021/22 season . The lion's share of the tax debt - 59,127,124 - is owed by clubs which play in the Championship league, with 13,637,069 due from those in League One and 4,848,583 from those in League Two. Auditor: Nyman Libson Paul All data was researched and compiled by sports writer, David Conn from the most recently published annual reports at Companies House. Pre-tax profit: 16.4m (-1m) Owned by: Tony Bloom, a sports bettor and property investor Milton Keynes Dons / Preston North End / Guardian analysis of the most recent accounts for the Championship clubs shows a combined net debt of almost 1bn. Seminole. Company name: Fulham Football Club Rotherham United 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. Since the 2015 year-end, Rovers have sold Rudy Gestede to Aston Villa and the departure of top striker Jordan Rhodes to help balance the books remains a possibility. 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". 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. Y/E: 30 June 2014 We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. Bristol City / Bank: The Co-operative Bank Company name: Brighton & Hove Albion Holdings Vysyble says more than half of clubs are spending more on wages than they make in income. Net debt: 14.6m Both clubs deny breaching any P&S rules. Y/E: 30 June 2014 The chart below shows how the clubs compare by turnover, wage bill and wages as a proportion of turnover. Wolves and Cardiff provided no comment. Football website the Swiss Ramble pored through the accounts to reveal the total debt that each club was in - and it makes for fascinating viewing. This is a guide to the general state of finances at clubs within the Championship based on latest annual or interim reports, or the reporting thereof in the local press. View all Wales newsView more Wales news, Birmingham City / THE CLUB CHAMPION DIFFERENCE: IMPROVE YOUR GOLF GAME WITH A CUSTOM GOLF CLUB FITTING. Nottingham Forest Wages and salaries: 14.4m I was amazed by this table. Y/E: 31 December 2014 Bank: HSBC 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 Bank: Barclays Company name: Leeds United Football Club Khan has vowed to support the club financially despite a cut in parachute payments this season. Crystal Palace reported profits of 1.6m and Watford's accounts show a profit of 190,000. "Net debt of clubs in the Premier League and Championship in England from 2017 to 2021 (in million GBP)." Of the clubs in the Championship during 2012-13, only four made a. Company name: The Derby County Football Club Turnover: 91.3m (73m) Total loans: 172,000 owed to ASD .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. Nottingham Forest / Are you interested in testing our business solutions? Net debt: Not stated Ipswich Town / Pre-tax loss: 7.2m (-9.8m) 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. League One / "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.". 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 The Debt figures should be treated with caution as clubs have many different arrangements for dealing with this through either private individuals . 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. Bank: Santander 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. Clubs that spend beyond their P&S limit can face sanctions, such as a transfer embargo or a points deduction. Only Real Madrid (605m) and Manchester City (619m . "However, clearly it is a completely interest free loan that is provided and we remain totally committed to the club. Company name: Middlesbrough Football & Athletic Company (1986) 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. 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. 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