CHAMPIONSHIP spending on wages fell below revenue for the first time since 2016-17 in the 2022-23 campaign, according to data published by Deloitte.
Second-tier clubs' wages-to-revenue ratio fell to 94.5 per cent in 202223, down from 108 per cent in 202122 and a record high of 126 per cent the season before that.
Combined revenue among Championship clubs was up 10 per cent to £749 million compared to the prior campaign, the Deloitte Annual Review of Football Finance found.
Approximately £200m of that revenue total was generated by five clubs in receipt of Premier League parachute payments, Deloitte said.
Despite the higher revenue figure, the Championship still registered operating losses of £316m, with no club in the division posting an operating profit before player trading.
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