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Championship clubs operating losses.

rabdenirorabdeniro Member Posts: 4,276
From an article in the Daily Mail online.....

Operating loss (excluding/before profit on player trading):

Wolves - 64,818,000

Fulham - 59,140,000

Aston Villa - 54,017,000

Derby - 46,662,814

Birmingham - 38,570,167

Cardiff - 34,026,000

Reading - 28,721,317

Bristol City - 23,796,310

QPR - 22,407,000

Leeds - 20,709,259

Nottingham Forest - 20,324,000

Sunderland - 20,273,000

Middlesbrough - 20,186,000

Brentford - 18,483,896

Sheffield United - 10,204,143

Ipswich - 8,391,000

Preston - 7,059,000

Norwich -5,074,000

Hull City - 4,556,341

Millwall - 3,833,000

Barnsley - 1,403,156

Burton - 292,71

Total operating loss for 22 clubs:

-512,948,114

£513m

Average operating loss for 22 clubs:

-23315823.36

£23m

Comments

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    TheEdge949TheEdge949 Member Posts: 5,458
    This is for which season. Im guessing 2017/2018
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    Tikay10Tikay10 Member, Administrator, Moderator Posts: 163,250

    Football has gone mad.

    It will all end badly. All bubbles burst eventually.
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    rabdenirorabdeniro Member Posts: 4,276

    This is for which season. Im guessing 2017/2018

    Yep.
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    lucy4lucy4 Member Posts: 7,315
    edited May 2019
    This type thing always amazes me, as is the same when big businesses announce losses of millions or tens of millions of pounds,but somehow are allowed to continue trading. Yet the self employed or small business person who employ a small staff are not given any where near the leeway or help to carry on trading through a period of hard times.The banks/creditors are soon happy to close the small man down for thousands but let big companies continue to leach millions.
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    TheEdge949TheEdge949 Member Posts: 5,458
    lucy4 said:

    This type thing always amazes me, as is the same when big businesses announce losses of millions or tens of millions of pounds,but somehow are allowed to continue trading. Yet the self employed or small business person who employ a small staff are not given any where near the leeway or help to carry on trading through a period of hard times.The banks/creditors are soon happy to close the small man down for thousands but let big companies continue to leach millions.

    Two things to bear in mind though with football clubs.

    Firstly, these are operating losses which do not take into account revenues produced by selling players.

    Secondly, it does not mean that the clubs are on the brink because you have to factor in the assets of a club such as the value of the ground and surrounding land, player value and other holdings. Usually these exceed any losses which mean that the club is solvent and viable.

    Also remember creative accounting. You dont pay tax on losses. #cynic
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