Championship finances - It is truly awful

Discussion in 'Bulletin Board' started by Archerfield, May 10, 2021.

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  1. Arc

    Archerfield Well-Known Member

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    After all the discussion regarding Derby and their financial melt down I thought I'd dig out the accounts for all the clubs in the Championship and have a look at the state of their ongoing finances.

    With the exception of Luton and Wycombe, who file under small company rules, all the other clubs' information is there for analysis.

    Only Derby have yet to file 2019 accounts so maybe that in itself provides a clue to their precarious state. What is striking is just how unlevel the Championship is. There are some timing differences as some clubs have yet to file 2020 accounts, us included, but the impact of parachute payments and the riches of the premier league go to show just how amazing our performance has been this year.

    The average wage bill in the championship is £40m, we come in at just £8m (league one figure and likely to be higher in 2020). Bournemouth top the wage bill at £108m with Norwich, Watford, Huddersfield, Stoke and Cardiff all with wage bills over £50m. The lowest wage bills, are Coventry, Rotherham and us.

    Over half the clubs in the league have a playing wage bill greater than total turnover. Considering the fact that there are further costs such as amortisation of player values means that half the league is almost certain to run at a loss unless they can unearth players and sell on at considerable profit. The big payers based on wages to turnover are Reading 211%, Brentford 186%, Preston 179%, Bristol City 169%, Middlesboro and Wednesday 160%.

    Over the last two years only five clubs show a combined profit. Derby due to their ground sale (Wednesday still lost money despite booking £38m from the sale of their ground!), Brentford and Bristol City from player sales in 2019, Huddersfield from their two years in the premier league and Rotherham from an approach similar to ours in spending in line with their income.

    The clubs with the big losses are Bournemouth £92m over two years, Reading £72m, Birmingham £58m, Stoke £45m, Nottingham Forest £41m, Blackburn Rovers £35m, Norwich £34m, Middlesboro, £29m.

    The championship day of reckoning is going to be upon us soon. If only more clubs could be like Barnsley!
     
    Last edited: May 10, 2021
    Archerfield, May 10, 2021
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  2. Cod Eye

    Cod Eye Well-Known Member

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    How anyone can think that spending even 100% of their turnover on player wages is ok(never mind 211%!!!), I'll never know...
     
    Cod Eye, May 10, 2021
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  3. Merde Tete

    Merde Tete Well-Known Member

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    Frustrating as it has been at times, it seems that in playing the long game we've got it absolutely spot on. Whatever happens in the playoffs next week, our future is bright. We will hopefully continue to quietly prosper, as those around us implode.
     
    Merde Tete, May 10, 2021
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  4. Mr C

    Mr C Well-Known Member

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    I remember going to watch the Reds at Derby 6 season back. Lost & think we got relegated. Remember every tiny announcement was sponsored. & as impressive as the stadium was, it reeked of fur coat, no knickers.
    We never got much at the old Baseball Ground either. But a not unpleasant, comfortable away day. Will miss it..:)
     
    Mr C, May 10, 2021
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  5. Abruzzo Red

    Abruzzo Red Well-Known Member

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    And this is why this season has been so impressive for little old Barnsley. Until there is a level playing field and the EFL grow a set of cahunas and start punishing teams that are in effectively cheating, then we will always be battling against the odds.
     
    Abruzzo Red, May 10, 2021
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  6. Micky Finn

    Micky Finn Well-Known Member

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    cahunas??
     
    Micky Finn, May 10, 2021
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  7. Plankton Pete

    Plankton Pete Well-Known Member

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    Pmsl
     
    Plankton Pete, May 10, 2021
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  8. Abruzzo Red

    Abruzzo Red Well-Known Member

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    Tess Tickle o_O
     
    Abruzzo Red, May 10, 2021
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  9. Plankton Pete

    Plankton Pete Well-Known Member

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    Think you meant 'cajones'.
     
    Plankton Pete, May 10, 2021
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  10. Che

    Chef Tyke Well-Known Member

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    Our achievements have been utterly outstanding


    Thanks for the analysis btw good read

    so does this mean unless Bournemouth Birmingham Reading make a significant profit next year (or go up) they will breach FFP? Forest and Stoke close….
     
    Chef Tyke, May 10, 2021
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  11. Che

    Chef Tyke Well-Known Member

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    Our achievements have been utterly outstanding


    Thanks for the analysis btw good read

    so does this mean unless Bournemouth Birmingham Reading make a significant profit next year (or go up) they will breach FFP? Forest and Stoke close….
     
    Chef Tyke, May 10, 2021
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  12. Abruzzo Red

    Abruzzo Red Well-Known Member

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    Not according to the Urban Dictionary, you say cojones I say cahunas :D:D
     
    Abruzzo Red, May 10, 2021
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  13. Old Goat

    Old Goat Well-Known Member

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    Cahuna matata.
     
    Old Goat, May 10, 2021
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  14. Deafening Silence

    Deafening Silence Well-Known Member

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    Cahuna tomata... surely.
    Can just see Samuel L Jackson ordering a big Cajones burger.
     
    Deafening Silence, May 10, 2021
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  15. Ton

    Tonjytyke Well-Known Member

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    Mmmmmm! That IS a tasty burger!
     
    Tonjytyke, May 10, 2021
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  16. gra

    grandfathertyke Well-Known Member

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    Cojones. Cajones are drawers, as in chest of!
     
    grandfathertyke, May 10, 2021
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  17. Plankton Pete

    Plankton Pete Well-Known Member

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    My Spanish sucks.

    Also used as a percussive instrument come to think of it.
     
    Plankton Pete, May 10, 2021
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  18. Abruzzo Red

    Abruzzo Red Well-Known Member

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    So does mine apparently :D:p
     
    Abruzzo Red, May 10, 2021
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  19. Hooky feller

    Hooky feller Well-Known Member

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    That's a load of bo110x
     
    Hooky feller, May 10, 2021
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  20. Spuggy

    Spuggy Well-Known Member

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    My worry is that while ever there's a team like us or Huddersfield or Blackpool getting into the play offs and punching above our weight, the EFL will do absolutely nothing and won't see the issue.
     
    Spuggy, May 10, 2021
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