Most lists look at revenue but as we all know from Dragons Den "turn over is vanity profit is sanity". So which are the most profitable club in world football for last season? Is it one of the Portuguese clubs?
Most profitable club - anyone know of a list?
- Thread starter redhorizon2
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It turns out swansea was the most profitable club in the EPL
ARSENAL
Accounts for the year to 31 May 2013
Ownership: Arsenal Holdings PLC major shareholders are: Kroenke Sports Enterprises UK (registered in Delaware, owned by US resident Stan Kroenke) 62%. Red and White Securities Limited (registered in Jersey, owned by Russian resident Alisher Usmanov and Farhad Moshiri) 27%
Turnover: 2nd highest in league, £283m (up from £245m in 2012)
Gate and Matchday income: £93m
TV and Broadcasting: £86m
Retail: £18m
Commercial: £44m
Property Development: £38m
Player Trading: £2m
Wage bill: 4th highest, £154m (up from £143m)
Wages as proportion of turnover: 54%
Profit before tax: £7m (down from £37m)
Net debt: £93m
Interest payable: £14m
Highest paid director: Ivan Gazidis: £1.825m
The state it's in: With their pricey seating at 60,000 capacity Emirates Stadium, commercial income up, and £38m still being made from property development, Arsenal's income was a massive £283m. Still Arsenal argue they struggle to compete against Manchester United, Chelsea and Manchester City, with a wage bill at a sensible 54% of turnover and a profit made every year. Owned by the mostly absentee American Stan Kroenke, Arsenal abide by the "self-sustaining model", meaning shareholders made millions selling up, but are not expected to put any of their gains into the club.
ASTON VILLA
Accounts for the year to 31 May 2013
Ownership: Owned by Randy Lerner, via Reform Acquisitions LLC, a USA company.
Turnover: 10th in league, £84m (up from £80m in 2012)
Gate and matchday: £13m
TV and broadcasting: £46m
Commercial: £16m
Uefa pool money: £0.5m
Wage bill: 8th highest, £72m (up from £70m)
Wages as proportion of turnover: 85.7%
Loss before tax: £52m (following £18m loss in 2011-12)
Net debt: £189m
Interest payable: £1m
Highest paid director: £251,000 to unnamed director (Paul Faulkner is the chief executive)
The state it's in: Punishing loss for a 13th-place finish, and for the club's owner Randy Lerner, whose venture into English football ownership has been expensive. Lerner's holding company increased its lending by £42m to £179m, on top of millions already invested in shares since he bought the club in 2006. In December Lerner waived repayment of £90m in loans. The accounts state a commitment to reducing player costs overall while giving manager Paul Lambert £19m to spend on players last summer, but for Lerner the early feelgood seasons and sixth place finishes must feel like a honeymoon long ago.
CHELSEA
Accounts (of the holding company, Fordstam) for the year to 30 June 2013
Ownership: Wholly owned by Roman Abramovich, registered at Companies House as a Russian resident.
Turnover: 4th highest in league, £260m (same as 2012)
Broadcasting: £105m
Matchday: £71m
Commercial: £84m
Wage bill: 3rd highest, £179m (up from £173m in 2012)
Wages as proportion of turnover: 69%
Loss before tax: £56m (following £4m in 2012)
Net debt: £958m
Interest payable: £Nil
Highest paid director: Unnamed, £1.383m (Ron Gourlay is the chief executive)
The state it's in: Still the "trophy asset" of the Russian oligarch Roman Abramovich, funded with the fruits of the fortunes he grasped buying vast, previously nationalised oil assets cut-price, in former president Boris Yeltsin's privatisation sell-off. The money Abramovich has poured into Chelsea, in loans, to deliver him trophies since he bought the club from Ken Bates in 2003 nudged £1bn in 2012-13, at £984m. Neither Uefa's financial fair play rules nor the promise to have the club breaking even stemmed further spending; Chelsea's loss was £56m, and Abramovich then sanctioned since June around £50m, net, on buying more top-class overseas players.
EVERTON
Accounts for the year to 31 May 2013
Ownership: Shares in the Everton Football Club Company Limited are owned by: Bill Kenwright 25%; Jon Woods 19%; Robert Earl (resident of Florida) 23%
Turnover: 9th in league, £86m (up from £81m in 2012)
Gate and programme sales: £17m
TV and broadcasting: £56m
Sponsorship, advertising and merchandise: £8m
Catering & other commercial: £6m
Wage bill: 10th highest, £63m (same as 2012)
Wages as proportion of turnover: 73%
Profit before tax: £2m (after loss of £9m in 2012)
Net debt: £45m
Interest payable: £4m
Highest paid director: No directors were paid; chief executive Robert Elstone is not a director
The state it's in: Finishing sixth, with the 10th-highest wage bill, Everton were seen as manager David Moyes's organisational achievement. But making their money stretch, Everton appear to be well run, by chairman and 25% owner Bill Kenwright, and chief executive Robert Elstone. Kenwright has proven himself a more formidable deal-maker than his air of bonhomie superficially suggests, and appointing Roberto Martínez to replace Moyes has worked out rather better than Moyes's own career move. Everton have revealed yet another new stadium plan this week, hoping for local authority support like Manchester City had for theirs, without which they cannot seriously compete with the richest clubs.
FULHAM
Accounts for the year to 30 June 2013
Ownership: Owned by Shahid Khan, via Big Cat Holdings, a company registered in Bermuda (tax haven), and Cougar HoldCo London, registered in the UK.
Turnover: 13th in league, £73m (down from £79m in 2012)
Gate and matchday: £12m
Europa League: £0.2m
TV and broadcasting: £49m
Sponsorship and commercial: £11m
Compensation: £0.1m
Wage bill: 9th highest, £67m (up from £62m in 2012)
Wages as proportion of turnover: 92%
Loss before tax: £2m (reduced from £18m in 2012)
Net debt: £1m
Interest payable: £0.3m
Highest paid director: Unnamed, £810,000 (Alastair Mackintosh is the chief executive)
The state it's in: When Rene Meulensteen was sacked as manager after just two months and replaced by Felix Magath in February, his immediate shell-shocked reflection was that Fulham were "freaking out" about the prospect of relegation. The accounts reveal why. In the Premier League, the club the US automotive magnate Shahid Khan bought in the summer was shaped under Mohamed Al Fayed over 16 years into a tidy operation. Yet the club warns of relegation, in the accounts, as its "main commercial risk," saying: "Revenues would fall in the next two years, to a level which would not finance ongoing contractual commitments."
LIVERPOOL
Accounts for the year to 31 May 2013
Ownership: Fenway Sports Group, registered in the USA, of which John W Henry is the principal shareholder.
Turnover: 5th in league, £206m (up from £169m in 2012)
Gate and matchday income: £45m
TV and broadcasting: £64m
Commercial activities: £98m
Wage bill: 5th highest, £132m (up from £119m in 2012)
Wages as proportion of turnover: 64%
Loss before tax: £50m (following £41m in 2012)
Net debt: £114m
Interest payable: £4m
Highest paid director: Unnamed, £1.035m (Ian Ayre is the managing director)
The state it's in: Clearly and steadily reviving under the ownership of John Henry's Boston-based Fenway Sports Group, following the shambolic tenure of Tom Hicks and George Gillett. FSG, having cleared the Hicks and Gillett takeover debt, are now borrowing from banks to reballast the club – losing £50m remains significant – and the Anfield stadium expansion. They have, though, put significant money in, £69m in an interest-free loan. Liverpool still spent a net £53m after the date of these accounts on the likes of Luis Alberto, Iago Aspas, Tiago Ilori and Mamadou Sakho (injured), who have not featured greatly in the thrilling title effort.
MANCHESTER CITY
Accounts for the year to 31 May 2013
Ownership: Wholly owned by Sheikh Mansour bin Zayed Al Nahyan, via the Abu Dhabi United Group, registered in the United Arab Emirates
Turnover: 3rd highest in league, £271m (up from £231m in 2012)
Gate and matchday: £40m
TV and broadcasting: £88m
Commercial activities: £143m
Wage bill: 1st – highest in the league, £233m (up from £202m in 2012)
Wages as proportion of turnover: 86%
Loss before tax: £52m (following £99m in 2012)
Net debt: £54m
Interest payable: £4m
Highest paid director: Unnamed: £426,000 (John MacBeath was the acting chief executive)
The state it's in: The most spectacular funding and overhaul of a club in English football history. These accounts show the investment from Sheikh Mansour bin Zayed Al Nahyan, the senior member of oil-rich Abu Dhabi's ruling family, at £999,616,000, almost £1bn, in just five years since he bought financially blighted City from Thaksin Shinawatra. City have always said they will comply with financial fair play, despite headline £153m 2011-13 losses. City still spent a net £84m after June 2013, according to their accounts, on players including Fernandinho, Jesús Navas, Álvaro Negredo, Stevan Jovetic and Martín Demichelis.
MANCHESTER UNITED
Accounts for Manchester United Plc, for the year to 30 June 2013
Ownership: Owned by the Glazer family via Red Football LLC, a company registered in the low tax state of Nevada, USA, United is now registered in the Cayman Islands tax haven and listed on the New York Stock Exchange.
Turnover: 1st in league, £363m (up from £320m in 2012)
Gate and matchday income: £109m
TV and broadcasting: £102m
Commercial activities: £153m
Wage bill: 2nd highest, £181m (up from £162m in 2012)
Wages as proportion of turnover: 50%
Loss before tax: £9m (following £5m loss in 2012)
Net Debts: £295m
Interest and other finance costs: £72m
Highest Paid Director: £1.327m unnamed (David Gill was the chief executive during the year before resigning)
The state it's in: The blurb delivering these accounts is sprinkled with hubris now, hailing a league championship, record shirt sponsorship by Chevrolet, 34m Facebook followers and other triumphs. "We are delighted to have David Moyes lead our football team into a new and exciting chapter," United stated. They will be affected by the failure to qualify for the Champions League and the cost of Moyes' sacking. The Glazers' economics are now well understood; income driven up by selling multiple sponsorships, while their 2005 debt-loading takeover has cost United almost £700m in interest and fees. Yet £389m of their debt still skulks on United.
NEWCASTLE UNITED
Accounts for the year to 30 June 2013
Ownership: Mike Ashley owns Newcastle United via his company, MASH Holdings Limited.
Turnover: 7th in league, £96m (up from £93m in 2012)
Gate and matchday: £28m
TV and broadcasting: £51m
Commercial activities: £17m
Wage bill: 11th highest, £62m (down from £64m in 2011)
Wages as proportion of turnover: 65%
Profit before tax: £10m (up from £1m in 2012)
Net debt: £133m
Interest payable: £0.07m
Highest paid director: Unnamed, £177,000 (Derek Llambias was the managing director)
The state it's in: The year the Mike Ashley revival turned dour, Alan Pardew's team finishing 16th, after the excitements of fifth in 2011-12. The same facts and figures can be viewed differently by fans: sound financial management, clearly a priority now, can look like lack of ambition if few players are signed. Ashley has invested significantly in a club previously in debt under owners who made personal fortunes selling to him. But in 2012-13 £11m went to reduce Ashley's interest-free loans, to £129m, and his company, Sports Direct, pays nothing for ubiquitous advertising. This, and the Wonga sponsorship, is prompting Geordie disillusionment again.
NORWICH CITY
Accounts for 13 months to 30 June 2013
Ownership: Majority owned by Delia Smith and her husband Michael Wynn Jones
Turnover: 12th in league, £75m (up from £74m in 2012)
Gate receipts: £12m
TV and media: £50m
Catering: £5m
Commercial & other income: £8m
Wage bill: 16th highest, £51m (up from £37m in 2012)
Wages as proportion of turnover: 68%
Profit before tax: £1m (down from £16m profit in 2012)
Net debt: Nil; £7m net cash in the bank
Interest payable: £1m
Highest paid director: 1.716m paid to unnamed director (David McNally is the chief executive)
The state it's in: A stable, financially well-managed club looks like this, with owners, Delia Smith and publisher husband Michael Wynn Jones, who are fans – until such a club is relegated. The financial chasm between the Premier League and Football League means relegation is a multi-million pound trauma, even with £59m parachute payments to relegated clubs over four years. Norwich have worked hard to nurture fans' loyalty, on their Delia catering and other businesses, but memories are raw of relegations to League One after their 2004-05 Premier League season. Hence last month's sacking of Chris Hughton, and appointment of Neil Adams, in a white-knuckle effort to stay up.
QUEENS PARK RANGERS
Accounts for the year to 31 May 2013
Ownership: 66% by Tune QPR , registered in Malaysia, owned by Tony Fernandes and partners Kamarudin Meranun and Ruben Gnanalingam; 33% by Sea Dream Ltd, family holding of Lakshmi Mittal
Turnover: 18th in league, £61m (down from £64m in 2012)
Gate receipts: £8m
TV and media: £43m
Sponsorship and advertising: £5m
Commercial: £4m
Uefa and other: £0.9m
Wage bill: 7th highest, £78m (up from £58m in 2012)
Wages as proportion of turnover: 128%
Loss before tax: £65m (up from £23m loss in 2012)
Net Debt: £177m
Interest payable: £0.1m
Highest paid director: Directors of the holding company were not paid
The state it's in:
In a league generally more steadily run these days, QPR under owners Tony Fernandes and his associates feels like an overspending throwback. Loftus Road's 18,000 capacity will always struggle to support a Premier League-sized wage bill, but after promotion under Neil Warnock in 2011, Fernandes sanctioned huge expenditure for new manager Mark Hughes in 2012, then Harry Redknapp in January 2013, which did not stave off relegation. The result is the £65m loss, £110m loaned by Fernandes and partners, with the club in the Championship and a new stadium still at the early planning stage.
READING
Accounts for the year to June 30 2013
Ownership: Owned 51% by Anton Zingarevich via a company based in Gibraltar (tax haven); 49% by John Madejski.
Turnover: 19th in league, £59m (up from £15m in 2012)
Gate receipts: £9m
Commercial Income: £5m
Media and Broadcasting: £44m
Rugby and other: £1m
Wage Bill: 19th highest, £46m (up from £27m in 2012)
Wages as Proportion of Turnover: 78%
Loss before Tax: £2m (reduced from £12m in 2012)
Net Debt: £38m
Interest payable: £0.6m
Highest Paid Director: Not disclosed
State it's in: Back following relegation under the reluctant control of Auto Trader magnate Sir John Madejski, after the planned takeover by Anton Zingarevich, son of a Russian billionaire, was not completed. Zingarevich did provide £19m loans to Reading, via his Gibraltar-registered company, and bought 51% of the club in May 2012, but never fulfilled the agreement to buy the other 49%. Zingarevich has since withdrawn from involvement in Reading and Madejski is looking for another buyer, whom he says must have "deep pockets," to bear the financial cost of supporting a club at the yo-yo level of Reading.
ARSENAL
Accounts for the year to 31 May 2013
Ownership: Arsenal Holdings PLC major shareholders are: Kroenke Sports Enterprises UK (registered in Delaware, owned by US resident Stan Kroenke) 62%. Red and White Securities Limited (registered in Jersey, owned by Russian resident Alisher Usmanov and Farhad Moshiri) 27%
Turnover: 2nd highest in league, £283m (up from £245m in 2012)
Gate and Matchday income: £93m
TV and Broadcasting: £86m
Retail: £18m
Commercial: £44m
Property Development: £38m
Player Trading: £2m
Wage bill: 4th highest, £154m (up from £143m)
Wages as proportion of turnover: 54%
Profit before tax: £7m (down from £37m)
Net debt: £93m
Interest payable: £14m
Highest paid director: Ivan Gazidis: £1.825m
The state it's in: With their pricey seating at 60,000 capacity Emirates Stadium, commercial income up, and £38m still being made from property development, Arsenal's income was a massive £283m. Still Arsenal argue they struggle to compete against Manchester United, Chelsea and Manchester City, with a wage bill at a sensible 54% of turnover and a profit made every year. Owned by the mostly absentee American Stan Kroenke, Arsenal abide by the "self-sustaining model", meaning shareholders made millions selling up, but are not expected to put any of their gains into the club.
ASTON VILLA
Accounts for the year to 31 May 2013
Ownership: Owned by Randy Lerner, via Reform Acquisitions LLC, a USA company.
Turnover: 10th in league, £84m (up from £80m in 2012)
Gate and matchday: £13m
TV and broadcasting: £46m
Commercial: £16m
Uefa pool money: £0.5m
Wage bill: 8th highest, £72m (up from £70m)
Wages as proportion of turnover: 85.7%
Loss before tax: £52m (following £18m loss in 2011-12)
Net debt: £189m
Interest payable: £1m
Highest paid director: £251,000 to unnamed director (Paul Faulkner is the chief executive)
The state it's in: Punishing loss for a 13th-place finish, and for the club's owner Randy Lerner, whose venture into English football ownership has been expensive. Lerner's holding company increased its lending by £42m to £179m, on top of millions already invested in shares since he bought the club in 2006. In December Lerner waived repayment of £90m in loans. The accounts state a commitment to reducing player costs overall while giving manager Paul Lambert £19m to spend on players last summer, but for Lerner the early feelgood seasons and sixth place finishes must feel like a honeymoon long ago.
CHELSEA
Accounts (of the holding company, Fordstam) for the year to 30 June 2013
Ownership: Wholly owned by Roman Abramovich, registered at Companies House as a Russian resident.
Turnover: 4th highest in league, £260m (same as 2012)
Broadcasting: £105m
Matchday: £71m
Commercial: £84m
Wage bill: 3rd highest, £179m (up from £173m in 2012)
Wages as proportion of turnover: 69%
Loss before tax: £56m (following £4m in 2012)
Net debt: £958m
Interest payable: £Nil
Highest paid director: Unnamed, £1.383m (Ron Gourlay is the chief executive)
The state it's in: Still the "trophy asset" of the Russian oligarch Roman Abramovich, funded with the fruits of the fortunes he grasped buying vast, previously nationalised oil assets cut-price, in former president Boris Yeltsin's privatisation sell-off. The money Abramovich has poured into Chelsea, in loans, to deliver him trophies since he bought the club from Ken Bates in 2003 nudged £1bn in 2012-13, at £984m. Neither Uefa's financial fair play rules nor the promise to have the club breaking even stemmed further spending; Chelsea's loss was £56m, and Abramovich then sanctioned since June around £50m, net, on buying more top-class overseas players.
EVERTON
Accounts for the year to 31 May 2013
Ownership: Shares in the Everton Football Club Company Limited are owned by: Bill Kenwright 25%; Jon Woods 19%; Robert Earl (resident of Florida) 23%
Turnover: 9th in league, £86m (up from £81m in 2012)
Gate and programme sales: £17m
TV and broadcasting: £56m
Sponsorship, advertising and merchandise: £8m
Catering & other commercial: £6m
Wage bill: 10th highest, £63m (same as 2012)
Wages as proportion of turnover: 73%
Profit before tax: £2m (after loss of £9m in 2012)
Net debt: £45m
Interest payable: £4m
Highest paid director: No directors were paid; chief executive Robert Elstone is not a director
The state it's in: Finishing sixth, with the 10th-highest wage bill, Everton were seen as manager David Moyes's organisational achievement. But making their money stretch, Everton appear to be well run, by chairman and 25% owner Bill Kenwright, and chief executive Robert Elstone. Kenwright has proven himself a more formidable deal-maker than his air of bonhomie superficially suggests, and appointing Roberto Martínez to replace Moyes has worked out rather better than Moyes's own career move. Everton have revealed yet another new stadium plan this week, hoping for local authority support like Manchester City had for theirs, without which they cannot seriously compete with the richest clubs.
FULHAM
Accounts for the year to 30 June 2013
Ownership: Owned by Shahid Khan, via Big Cat Holdings, a company registered in Bermuda (tax haven), and Cougar HoldCo London, registered in the UK.
Turnover: 13th in league, £73m (down from £79m in 2012)
Gate and matchday: £12m
Europa League: £0.2m
TV and broadcasting: £49m
Sponsorship and commercial: £11m
Compensation: £0.1m
Wage bill: 9th highest, £67m (up from £62m in 2012)
Wages as proportion of turnover: 92%
Loss before tax: £2m (reduced from £18m in 2012)
Net debt: £1m
Interest payable: £0.3m
Highest paid director: Unnamed, £810,000 (Alastair Mackintosh is the chief executive)
The state it's in: When Rene Meulensteen was sacked as manager after just two months and replaced by Felix Magath in February, his immediate shell-shocked reflection was that Fulham were "freaking out" about the prospect of relegation. The accounts reveal why. In the Premier League, the club the US automotive magnate Shahid Khan bought in the summer was shaped under Mohamed Al Fayed over 16 years into a tidy operation. Yet the club warns of relegation, in the accounts, as its "main commercial risk," saying: "Revenues would fall in the next two years, to a level which would not finance ongoing contractual commitments."
LIVERPOOL
Accounts for the year to 31 May 2013
Ownership: Fenway Sports Group, registered in the USA, of which John W Henry is the principal shareholder.
Turnover: 5th in league, £206m (up from £169m in 2012)
Gate and matchday income: £45m
TV and broadcasting: £64m
Commercial activities: £98m
Wage bill: 5th highest, £132m (up from £119m in 2012)
Wages as proportion of turnover: 64%
Loss before tax: £50m (following £41m in 2012)
Net debt: £114m
Interest payable: £4m
Highest paid director: Unnamed, £1.035m (Ian Ayre is the managing director)
The state it's in: Clearly and steadily reviving under the ownership of John Henry's Boston-based Fenway Sports Group, following the shambolic tenure of Tom Hicks and George Gillett. FSG, having cleared the Hicks and Gillett takeover debt, are now borrowing from banks to reballast the club – losing £50m remains significant – and the Anfield stadium expansion. They have, though, put significant money in, £69m in an interest-free loan. Liverpool still spent a net £53m after the date of these accounts on the likes of Luis Alberto, Iago Aspas, Tiago Ilori and Mamadou Sakho (injured), who have not featured greatly in the thrilling title effort.
MANCHESTER CITY
Accounts for the year to 31 May 2013
Ownership: Wholly owned by Sheikh Mansour bin Zayed Al Nahyan, via the Abu Dhabi United Group, registered in the United Arab Emirates
Turnover: 3rd highest in league, £271m (up from £231m in 2012)
Gate and matchday: £40m
TV and broadcasting: £88m
Commercial activities: £143m
Wage bill: 1st – highest in the league, £233m (up from £202m in 2012)
Wages as proportion of turnover: 86%
Loss before tax: £52m (following £99m in 2012)
Net debt: £54m
Interest payable: £4m
Highest paid director: Unnamed: £426,000 (John MacBeath was the acting chief executive)
The state it's in: The most spectacular funding and overhaul of a club in English football history. These accounts show the investment from Sheikh Mansour bin Zayed Al Nahyan, the senior member of oil-rich Abu Dhabi's ruling family, at £999,616,000, almost £1bn, in just five years since he bought financially blighted City from Thaksin Shinawatra. City have always said they will comply with financial fair play, despite headline £153m 2011-13 losses. City still spent a net £84m after June 2013, according to their accounts, on players including Fernandinho, Jesús Navas, Álvaro Negredo, Stevan Jovetic and Martín Demichelis.
MANCHESTER UNITED
Accounts for Manchester United Plc, for the year to 30 June 2013
Ownership: Owned by the Glazer family via Red Football LLC, a company registered in the low tax state of Nevada, USA, United is now registered in the Cayman Islands tax haven and listed on the New York Stock Exchange.
Turnover: 1st in league, £363m (up from £320m in 2012)
Gate and matchday income: £109m
TV and broadcasting: £102m
Commercial activities: £153m
Wage bill: 2nd highest, £181m (up from £162m in 2012)
Wages as proportion of turnover: 50%
Loss before tax: £9m (following £5m loss in 2012)
Net Debts: £295m
Interest and other finance costs: £72m
Highest Paid Director: £1.327m unnamed (David Gill was the chief executive during the year before resigning)
The state it's in: The blurb delivering these accounts is sprinkled with hubris now, hailing a league championship, record shirt sponsorship by Chevrolet, 34m Facebook followers and other triumphs. "We are delighted to have David Moyes lead our football team into a new and exciting chapter," United stated. They will be affected by the failure to qualify for the Champions League and the cost of Moyes' sacking. The Glazers' economics are now well understood; income driven up by selling multiple sponsorships, while their 2005 debt-loading takeover has cost United almost £700m in interest and fees. Yet £389m of their debt still skulks on United.
NEWCASTLE UNITED
Accounts for the year to 30 June 2013
Ownership: Mike Ashley owns Newcastle United via his company, MASH Holdings Limited.
Turnover: 7th in league, £96m (up from £93m in 2012)
Gate and matchday: £28m
TV and broadcasting: £51m
Commercial activities: £17m
Wage bill: 11th highest, £62m (down from £64m in 2011)
Wages as proportion of turnover: 65%
Profit before tax: £10m (up from £1m in 2012)
Net debt: £133m
Interest payable: £0.07m
Highest paid director: Unnamed, £177,000 (Derek Llambias was the managing director)
The state it's in: The year the Mike Ashley revival turned dour, Alan Pardew's team finishing 16th, after the excitements of fifth in 2011-12. The same facts and figures can be viewed differently by fans: sound financial management, clearly a priority now, can look like lack of ambition if few players are signed. Ashley has invested significantly in a club previously in debt under owners who made personal fortunes selling to him. But in 2012-13 £11m went to reduce Ashley's interest-free loans, to £129m, and his company, Sports Direct, pays nothing for ubiquitous advertising. This, and the Wonga sponsorship, is prompting Geordie disillusionment again.
NORWICH CITY
Accounts for 13 months to 30 June 2013
Ownership: Majority owned by Delia Smith and her husband Michael Wynn Jones
Turnover: 12th in league, £75m (up from £74m in 2012)
Gate receipts: £12m
TV and media: £50m
Catering: £5m
Commercial & other income: £8m
Wage bill: 16th highest, £51m (up from £37m in 2012)
Wages as proportion of turnover: 68%
Profit before tax: £1m (down from £16m profit in 2012)
Net debt: Nil; £7m net cash in the bank
Interest payable: £1m
Highest paid director: 1.716m paid to unnamed director (David McNally is the chief executive)
The state it's in: A stable, financially well-managed club looks like this, with owners, Delia Smith and publisher husband Michael Wynn Jones, who are fans – until such a club is relegated. The financial chasm between the Premier League and Football League means relegation is a multi-million pound trauma, even with £59m parachute payments to relegated clubs over four years. Norwich have worked hard to nurture fans' loyalty, on their Delia catering and other businesses, but memories are raw of relegations to League One after their 2004-05 Premier League season. Hence last month's sacking of Chris Hughton, and appointment of Neil Adams, in a white-knuckle effort to stay up.
QUEENS PARK RANGERS
Accounts for the year to 31 May 2013
Ownership: 66% by Tune QPR , registered in Malaysia, owned by Tony Fernandes and partners Kamarudin Meranun and Ruben Gnanalingam; 33% by Sea Dream Ltd, family holding of Lakshmi Mittal
Turnover: 18th in league, £61m (down from £64m in 2012)
Gate receipts: £8m
TV and media: £43m
Sponsorship and advertising: £5m
Commercial: £4m
Uefa and other: £0.9m
Wage bill: 7th highest, £78m (up from £58m in 2012)
Wages as proportion of turnover: 128%
Loss before tax: £65m (up from £23m loss in 2012)
Net Debt: £177m
Interest payable: £0.1m
Highest paid director: Directors of the holding company were not paid
The state it's in:
In a league generally more steadily run these days, QPR under owners Tony Fernandes and his associates feels like an overspending throwback. Loftus Road's 18,000 capacity will always struggle to support a Premier League-sized wage bill, but after promotion under Neil Warnock in 2011, Fernandes sanctioned huge expenditure for new manager Mark Hughes in 2012, then Harry Redknapp in January 2013, which did not stave off relegation. The result is the £65m loss, £110m loaned by Fernandes and partners, with the club in the Championship and a new stadium still at the early planning stage.
READING
Accounts for the year to June 30 2013
Ownership: Owned 51% by Anton Zingarevich via a company based in Gibraltar (tax haven); 49% by John Madejski.
Turnover: 19th in league, £59m (up from £15m in 2012)
Gate receipts: £9m
Commercial Income: £5m
Media and Broadcasting: £44m
Rugby and other: £1m
Wage Bill: 19th highest, £46m (up from £27m in 2012)
Wages as Proportion of Turnover: 78%
Loss before Tax: £2m (reduced from £12m in 2012)
Net Debt: £38m
Interest payable: £0.6m
Highest Paid Director: Not disclosed
State it's in: Back following relegation under the reluctant control of Auto Trader magnate Sir John Madejski, after the planned takeover by Anton Zingarevich, son of a Russian billionaire, was not completed. Zingarevich did provide £19m loans to Reading, via his Gibraltar-registered company, and bought 51% of the club in May 2012, but never fulfilled the agreement to buy the other 49%. Zingarevich has since withdrawn from involvement in Reading and Madejski is looking for another buyer, whom he says must have "deep pockets," to bear the financial cost of supporting a club at the yo-yo level of Reading.
- Status
