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.
This story is from the June 25, 2024 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the June 25, 2024 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Van Gogh oil protest pair are jailed
TWO Just Stop Oil activists have been jailed for pouring soup over Vincent van Gogh’s Sunflowers, after they came close to “destroying” the masterpiece.
Whittaker is wanted but happy to remain a Pilgrim
ARGYLE FORWARD HAS ASPIRATIONS TO PLAY HIGHER, BUT NOT JUST YET
How Argyle played a role in Merson taking Walsall job
EX-FOOTBALLER turned Strictly Come Dancing star Paul Merson made his name winning trophies with Arsenal and starring for England in the 1990s - but his ill-fated career as a manager proved less successful.
Coming home to an Albion win cured my holiday blues!
THANK goodness for that, we are finally back to enjoying the sweet taste of a home win, after sneaking a victory over Leicester Lions last weekend at the Brickfields Fortress.
Dame Maggie dies, aged 89
OSCAR-WINNING actress Dame Maggie Smith has died, aged 89.
Guitarist denies fatal crash charge
GUITARIST Josh Klinghoffer, a former Red Hot Chili Peppers member who has also played with Pearl Jam, has pleaded not guilty through his lawyer to a misdemeanour manslaughter charge over the death of a pedestrian.
Mary's magic will sweep you away!
THE cast has been announced for Disney’s Mary Poppins ahead of its arrival in Plymouth early next year.
Pension claims are up
PENSION credit claims have hit almost 75,000 amid Government efforts to boost benefits take-up.
Danger of Lebanon crisis 'escalating much wider'
THE continuing tensions between Israel and the militant Lebanese Hezbollah group present a risk of spiralling out of control, the UK Defence Secretary has said.
Diamond days after struggle
AFRICAN ADVENTURE ‘THE PERFECT TONIC'
