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Review of championship clubs’ salaries: implications for EFL spending from this latest report.

Clubs in the Championship saw their revenue exceed their salary costs for the first time since 2016/17

Following Deloitte’s research indicating teams in England’s second tier earned more income than they spent on wages during the 2022–2023 season, Championship fans have some welcome good news.

In an environment where clubs are spending a lot of money to try to make the Premier League, the study will provide some comfort. Deloitte reported a total revenue of £749 million for the segment.

The Championship, which is currently the fifth-highest attended league in Europe after the Premier League, Bundesliga, Serie A, and La Liga, paid out £706 million in wages. In the same period, Premier League clubs earned £6.1 billion in income and expended nearly £4 billion on salaries.

Despite the report’s indication that clubs are becoming more frugal with their spending, prior to player sales, no Championship team turned a profit overall. The 24 teams in the division suffered a total loss of £316 million; however, the Premier League’s parachute payments to Burnley, Watford, Norwich City, Sheffield United, and West Bromwich Albion accounted for £200 million of the league’s earnings.

Lead partner Trevor Bridge of Deloitte’s business sport division commented, “The Football League may have seen an uptick in revenues in 2022–2023 but clubs across the EFL are still battling to manage cash requirements.” “A lot of teams rely on owner finance to help them pursue promotions, yet finishing last in the league exposes a team to instability.

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