Middlesbrough's accounts for 2017/18 show that income was halved following relegation but they could still have the highest in the Championship when other clubs publish. Boro lost £388,000 a week last season excluding player sales, which is not excessive in the Championship where not a single club made a profit and total losses are likely to be £400m.
The importance of broadcast income and parachute payments were highlighted as they make up 75% of Middlesbrough's total revenue in 2017/18. Matchday income fell 17% as crowds drop from 30,400 to 25,500. This is still in the top half of the table.
Middlesbrough wage bill fell 25% following relegation but still high by Championship standards with average wage £23,000 a week. The club paid out £75 in wages for every £100 of income mainly due to the benefit of parachute payments. Average in Championship is £105 wages for £100 income. Add in transfer fee costs and Middlesbrough spent £118 on players for every £100 of income last season.
Boro spent £66 million on player signings last season, more than they spent when in the Premier League in 2016/17, this was offset partly by £44 million of player sales. They made profits of £15m on sales of de Roon, Rhodes, Ramirez and Forshaw which helped bring down the losses.
The club continue to be dependent upon Steve Gibson for support as he’s pumped in £90 million in shares and £93 million in loans.
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