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Preston show how a club that most assume are run modestly still find it tough financially in the Championship as lost £140,000 a week from trading & needed player sales to offset this #PNEFC #PNE
Chasm between Premier League & Championship broadcasting deals highlighted by Preston earning £7m from TV compared to £100-120m in the Premier League
Preston wage bill up 10% to £15million, which is low by Championship standards. Still paying out £113 in wages for every £100 of income though
Read 8 tweets
I published a study last week on where Premier League clubs source their money and what they spend it on by reviewing the clubs’ cash flow statements over the last decade. Today I do a similar exercise on Championship clubs – where the picture is very different.
In the 10 years between 2008 and 2017 Championship clubs had over £2.8 bln of available cash with the vast majority of financing £2.5 bln coming from their owners (loans £1.9bln and shares £0.6 bln)
So an incredible 87% of Championship clubs’ cash came from owner financing with just 7% from operating activities. This is in stark contrast to the Premier League with 54% from operations and 42% from owners. There was also £41m from (net) player sales & £45m from bank balances.
Read 22 tweets

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