| A | B | C | D | E | F | G | H | I | J | K | L | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | Team | Ownership | Turnover, £m | Wage Bill, £m | Wages as Proportion of Turnover (%) | Loss before Tax, £m | Profit before Tax, £m | Net Debt, £m | Interest payable, £m | Directors' pay, £ | Current state | Notes | |
2 | Barnsley | Patrick Cryne (UK) | 9.1 | 7.7 | 85 | 0 | 1.9 | 3.6 | 0.015 | 260000 | Barnsley have struggled to survive in the Championship, were relegated this season, and these accounts show why. In a deprived former mining town, they try to balance the books and make a small profit, on the division's second lowest income. Maurice Watkins, the former Manchester United director, is now Barnsley's chairman, and his firm, Brabners, issued a legal challenge to the Football League contesting financial fair play, although Barnsley supports the rules. Watkins told the Guardian he does not see any conflict. | Accounts of Barnsley Football Club (2002) Ltd for the year to May 31 2013 | |
3 | Birmingham City | Birming International Plc. (Cayman Islands) | 24.2 | 22.9 | 95 | 4 | 0 | 24.6 | 1 | 389620 | Hideous situation for the stalwart club, bought in 2009 by a Hong Kong listed company fronted by major shareholder Carson Yeung, who earlier this year was convicted and jailed for money-laundering, including on behalf of a suspected triad gangster. Yeung family members remain on City's board, which is principally run by Peter Pannu, a long term Hong Kong associate of Yeung's who earns handsomely from the club. City are said to be for sale, but no better owners have been able to conclude a deal. | Accounts of Birmingham City Football Club plc for the year to June 30 2013` | |
4 | Blackburn Rovers | Venky's (India) | 26.9 | 36.6 | 136 | 36.5 | 0 | 54.5 | 0.464 | 747960 | The scrambled mess of Rovers under Venky's, the Indian chicken company, laid bare. Venky's took over in 2010 a club competing in the Premier League without major investment from its then owner, the trustees of the late steel magnate Jack Walker's estate. They immediately sacked Sam Allardyce and appointed Steve Kean as manager, the well-regarded board resigned, and Rovers were relegated. Now being run more steadily, but huge losses mean club looks incapable of complying with the Championship's financial fair play rules. | Accounts of Blackburn Rovers Football and Athletic plc for the year to June 30 2013` | |
5 | Blackpool | Owen Oyston (UK) | 22 | 11.6 | 53 | 0 | 4.6 | -3.1 | 0 | 568024 | Supporters have targeted protests against the owners, the Oyston family, who unforgettably paid themselves £11m in a salary from the windfall of Blackpool's 2010-11 Premier League season. Owen Oyston's son Karl, the chairman, insisted then he will not spend the club's money on excessive players' wages, and the accounts bear that out. Blackpool were one of only four clubs to make a profit, with wages a sensible 53% of turnover. Parachute payments are running out, though, and fans complain that the moment for ambition, funded by that £11m, was lost. | Accounts of The Blackpool Football Club Ltd for the year to June 30 2013 | |
6 | Bolton Wanderers | Edwin Davies (Bermuda) | 35 | 37.4 | 107 | 50.6 | 0 | 163.8 | 7.5 | 792000 | Spectacular £50.6m loss in the first season after relegation, despite parachute payments. Bolton's 1997 move to the Reebok stadium was accompanied by building a hotel and plans for diverse earnings which would subsidise the club to compete above its natural level. Premier League wages then soared, though, and Bolton have made massive losses,. They are supported by Edwin Davies, the kettle element manufacturer whose loans were up to a staggering £151m. Davies charged £7m interest and other fees in 2012-13, but now charges no interest. | Accounts for Burnden Leisure plc the year to June 30 2013 | |
7 | Brighton and Hove Albion | Tony Bloom (UK) | 23.4 | 21 | 90 | 14.8 | 0 | 51 | 0.006 | 801038 | Brighton epitomise the crushing economics of the Championship, losing £14.8m even with the huge boost in income gained by the move to the new American Express community stadium in 2011. In the effort to compete with clubs boosted by owners' cash or parachute payments, Albion made a loss of almost £15m. Reliant on investment from Tony Bloom, a professional gambler whose family have long involvement in the club, Brighton support financial fair play, and are pledging to move towards breaking even. | Accounts for The Brighton and Hove Albion Football Club ltd for the year to June 30 2013 | |
8 | Bristol City | Stephen Lansdown (UK) | 8 | 15.2 | 190 | 11.3 | 0 | 6.7 | 0.061 | 252034 | Fairly desperate time for Bristol City, who spent nearly twice their turnover, the Championship's lowest, on players' wages, but still finished bottom, 15 points short of safety. Long supported by Stephen Lansdown, reportedly a billionaire, who made his fortune in financial advice and investment with his firm Hargreaves Lansdown. He converted almost £30m of loans to equity during 2012-13, and City are now battling in League One to reverse the long underperformance of Bristol football. | Accounts for Bristol City Football Club Ltd for the year to May 31 2013 | |
9 | Burnley | Mike Garlick, 31.21%, John Banaszkiewicz: 26.48%; Brendan Flood: 15.22%; other directors: 18.95% | 15.3 | 15.4 | 100 | 7.6 | 0 | 12.2 | 1 | 0 | Hailed as a more traditionally-run, locally owned success story when Sean Dyche won a splendid promotion this season, but the figures show the difficult financial struggle at Turf Moor. Burnley still received parachute payments in 2012-13, and this season, from their 2009-10 visit to the Premier League, yet still made an operating loss of £8.2m, the second worst in their history. The accounts warn of cost-cutting, and being “almost entirely reliant” on the directors – then promotion was won, and makes their strategy seem brilliant. | Accounts for The Burnley Football & Athletic Company Litd the year to June 30 2013 | |
10 | Cardiff City | Vincent Tan Chee Yioun (Malaysia) | 17.3 | 32.8 | 190 | 30.4 | 0 | 85.3 | 5.3 | 107000 | The football world knows a lot more about the regime at Cardiff City of the Malaysian owner Vincent Tan than while the club was still in the Championship, he was changing the colour of the kit to red and lending his way to promotion. Cardiff's loss, £30.4m at a club on the ascendant, spending almost double their income on players' wages, is a momument, with that of Hull City, to the crazy current cost of promotion to the Premier League. | Accounts for Cardiff City Football Club (Holdings) Limited, for the year to May 31 2013 | |
11 | Charlton Athletic | Roland Duchatelet (Belgium) | 11.9 | 12 | 101 | 6 | 0 | 31.9 | 0.371 | 164000 | A long way from their Premier League years, as recent as 2007, when at the rebuilt Valley Charlton seemed a model modern football club. Suffered relegation again in 2009, then stabilised and won promotion to the Championship in 2012. The accounts for the first season back state that the wage bill, higher than the club's entire income, was “clearly unsustainable.” The future is uncertain as part of a “network” of clubs owned by Roland Duchatelet, headed by Standard Liege in his home country, Belgium. | Accounts for Charlton Athletic Football Company Limited for the year to June 30 2013 | |
12 | Crystal Palace | Steve Parish: Stephen Browett: Martin Long: Jeremy Hosking (UK) | 14.5 | 18.8 | 130 | 0 | 1.6 | 7.4 | 0 | 0 | In dreamland now, having survived in the Premier League under the inspired turnaround management of Tony Pulis, after being insolvent and in administration in 2010. Were bought then by the four local businessmen, Palace fans, who lent the club £10.7m. They acknowledge that without £13.9m profit made selling players, principally Wilfried Zaha to Manchester United in January 2013, the club would have made a £7.7m loss. Nevertheless, they won promotion, survived, and hope now to “become a sustainable Premiership club.” | Accounts for CPFC 2010 Ltd for the year to June 30 2013 | |
13 | Derby County | Andy Appleby, Bill Luby, Jeff Mallett, Tom Ricketts, Tom Vertin and W. Brett Wilson. (US) | 15.4 | 12.1 | 79 | 7.1 | 0 | 33.3 | 0.5 | 210000 | The accounts state that since the January 2008 takeover by the US based consortium, they have invested £41.6m, an expensive effort to finish 10th in the Championship, as Derby did in 2013. That figure includes £18.5m in loans, with a further £3m advanced after June 30 last year. Such faraway investors have bought Championship clubs to reap the abundant millions of the Premier League, and Derby have their chance to hit that jackpot in this season's play off final. | Accounts for Derby County Football Club Ltd for the year to June 30 2013 | |
14 | Huddersfield Town | Dean Hoyle (UK) | 11.2 | 13.4 | 120 | 4 | 0 | 30.3 | 0.028 | N/A | Club with a distinguished history seeking to re-establish itself as one of the bigger provincial forces under the ownership of locan fan-made-good Dean Hoyle. His loans by May 2013 were up to £27.2m, illustrating again the swingeing price of keeping up with all the other clubs' wages and losses. Hoyle has also paid £2m to buy back the club's original 40% stake in Huddersfield's landmark modern stadium from the previous owner, Ken Davy http://www.johnsmithsstadium.com/news/post/official-shares-statement- , after a long fans' campaign http://www.theguardian.com/global/2009/may/06/huddersfield-town . | Accounts for The Huddersfield Town Association Football Club Ltd for the year ended May 31 2013 | |
15 | Hull City | Assem Allam (UK) | 17 | 25.9 | 152 | 25.6 | 0 | 72.2 | 2.8 | 174667 | The other club, with Cardiff, which won automatic promotion in 2013, and this was the cost of it, a £25.6m loss. Assem Allam and his son Ehab, the club's vice-chairman, took their loans, at 5% interest, to £72m after buying the club from the brink of insolvency in 2010. That financed wages costing half as much again as the club's entire turnover, even though they were still paid £6m in parachute payments from the 2010 Premier League relegation. | Accounts for Hull City Tigers Ltd for the year ended July 31 2013 | |
16 | Ipswich Town | Marcus Evans (Bermuda) | 13.8 | 15 | 109 | 9.8 | 0 | 82.4 | 0.707 | 189000 | For those who retain a fond image of Ipswich Town as the homely tractor boys with a certain style, the financial situation is a shock. They still owe Marcus Evans, the conference and hospitality entrepreneur who bought the club in 2008, the £32m debt he took over then at a cut price, together with £11m accrued interest. Evans, who owns Town via his company registered in the tax haven of Bermuda, has also loaned the club £29m interest free. | Accounts for Ipswich Town Football Club Company Ltd for the year to June 30 2013 | |
17 | Leeds United | 85% owned by Gulf Finance House (Bahrain); now sold to Italian-American based agriculture magnate Massimo Cellino. | 28.6 | 20 | 70 | 9.4 | 0 | 15 | 1.2 | 753938 | The accounts for the club of serial calamity tell a simple story: Leeds spent more than they earned. The Bahraini bank, Gulf Finance House, which bought Leeds from Ken Bates in 2012, put £11m in, but could not continue, and sold to the US-Italian businessman Massimo Cellino. Cellino will be barred as an owner if an Italian court's pending ruling says he evaded tax dishonestly. Leeds' income, highest in the league without parachute payments, shows the club's size and sadly unrealised potential. | Accounts for Leeds United Football Club Ltd for the year ended June 30 2013 | |
18 | Leicester City | King Power International (Thailand) | 19.6 | 26.1 | 133 | 34 | 0 | 111.3 | 7.2 | 142000 | Standout spenders of the Championship, finally promoted this season. King Power, the Thai-owned duty free conglomerate, bought the club in 2010, explaininghttp://www.kingpower.com/sportsLeicesterCity : “The takeover will internationally promote the reputation of Thailand and the capability of a Thai company to strengthen an English football club.” During 2012-13 King Power provided £80m further loans. While the club say they sought to cut costs since, they are expected to have made another huge loss, fail the financial fair play rules they now oppose, and incur a fine. | Accounts for Leicester City Football Club for the year ended May 31 2013 | |
19 | Middlesborough | Steve Gibson (UK) | 14.2 | 20.7 | 146 | 18.5 | 0 | 75.9 | 0 | 4000 | So long a Premier League fixture, Middlesbrough are struggling to improve on middling in the Championship. Paid far more in wages than the club's entire income and are dependent on long-term owner, local transportation company businessman Steve Gibson, for financial survival. Losing £18.5m is huge for Boro; Gibson increased his loans in the year by £6m to almost £80m. He hopes November's appointment of manager Aitor Karanka, Jose Mourinho's former assistant at Real Madrid, who is well-connected in Spain, can spirit a revival. | Accounts for Middlesbrough Football & Athletic Company (1986) Ltd for the year ended June 30 2013 | |
20 | Millwall | Chestnust Hill Ventures (LLC) (US) | 12.8 | 12.1 | 95 | 6.2 | 0 | 18.8 | 1.9 | 162000 | The chairman John Berylson via his US-registered company Chestunut Hill Ventures LLC, had advanced £14m in high interest loans by June 30 2013, according to the accounts. The loans carried interest at 12%, far above current bank rates and the norm at football clubs; £4.2m interest was unpaid. There were further 12% interest loans from other directors and directors' family members. Berylson wants Millwall to develop land adjoining the Den, but he is in fractious discussions with Lewisham council about the plans. | Accounts for Millwall Holdings plc the year to June 30 2013 | |
21 | Nottingham Forest | Fawaz Al Hasawi, and Abdulaziz Mubarak Al Hasawi (Kuwait) | 14.4 | 21 | 146 | 17.1 | 0 | 32.4 | 0.708 | 581000 | The year saw the tragic death at 54 of Nigel Doughty, the childhood Forest fan turned venture capitalist and Labour Party funder, who poured £85m into the club without achieving success. The Al Hasawis took over in July 2012 from Doughty's estate, which wrote off £65.5m owed. On top of the remaining £20m Doughty loan which they repaid, the Al Hasawis loaned £15m to Forest, supporting the loss of £17.1m. Clearly intent on promotion, and after the difficult Billy Davies era, hoping City Ground legend Stuart Pearce can deliver it. | Accounts for Nottingham Forest Football Club Ltd for the year to May 31 2013 | |
22 | Peterborough United | DMA Holdings (Luxembourg) | 10 | 6.2 | 62 | 0.043 | 0 | 6.8 | 0.318 | 203835 | Two year stint in the Championship after promotion from League One came to an end for Posh , finishing 22nd, the same rank as the club's earning power. Darragh MacAnthony, an Irish holiday homes salesman who took over in 2006, has stayed the course and financially supports the club. In 2012-13 he was repaid around £500,000, leaving £4.6m loans, at commercial interest. Posh, one of the few clubs running a wage bill reasonable for their income, effectively broke even – and were relegated. | Accounts for Peterborough United Football Club Ltd for the year to May 31 2013 | |
23 | Sheffield Wednesday | UK Football Investments LLC (US) | 14.9 | 11.9 | 80 | 3.7 | 0 | 11 | 0.172 | 332000 | Milan Mandaric is struggling to work the same formula as he did at the two previous clubs he owned, Portsmouth and Leicester City, both of which he sold at a major profit. Championship economics are more difficult now with owners pouring millions in to subsidise huge losses, and Mandaric took over Wednesday in 2010 after the club had spent ten years in financial difficulties following relegation from the Premier League. Has stabilished, but would sell if any buyer wanted to take a challenging project on. | Accounts for Sheffield Wednesday Football Club Ltd for the year to May 31 2013 | |
24 | Watford | Gianpaolo Pozzo (Luxembourg) | 18.1 | 12.8 | 71 | 0 | 0.19 | 9.5 | 0.336 | 420000 | Owned by the Italian Pozzo family, long-term owners of Udinese in Serie A, who have restored stability to the club. Watford were in turmoil under the previous owner, Laurence Bassini, who in March 2013 was found guilty of misconduct and banned from positions of authority with any Football League club for three years http://www.theguardian.com/football/2013/mar/18/watford-former-owner-banned-three-years . Watford mended their finances , morale and operations, and reached the play-offs, although their fielding of multiple players on loan from Udinese was unpopular and led to a tightening of league loan rules. | Accounts for The Watford Association Football Club Ltd for the year to June 30 2013 | |
25 | Wolverhampton Wanderers | Steve morgan family trust (Guernsey) | 32.1 | 31.1 | 97 | 30.4 | 0 | 36 | 0 | 491000 | A desperate year. Relegation in 2012 from the Premier League, where the owner, housebuilding and hotel magnate Steve Morgan, pledged financial prudence and stability, was a huge blow. Following that near £30m drop in income, even with parachute payments which boosted Wolves' turnover to the Championship's second highest, relegation again, to League One, meant Wolves formally reclassified some players' contracts as “onerous,” and recorded a £30m loss. Promotion as champions has greatly cheered Molyneux again, but it is a long way back. | Accounts for Wolverhampton Wanderers Football Club (1986) Ltd for the year to May 31 2013 | |
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27 | Total | 429.7 | 459.7 | 327.043 | 8.29 | 972.8 | 31.586 |