It's hard for a football club to make a profit outside of the Premier League and Wigan lost £150,000 a week in 2017/18 when being promoted from League One. Wigan's income has fallen 88% since the club was in the Premier League. Parachute payments ending in 2018 caused a 73% fall alone compared to the previous season in the Championship.
Wigan have had losses of £30 million since relegation, despite parachute payments and so have sold players at a profit of £28 million to offset these losses.
Wigan broke even the last season they were in the Championship but had benefit of parachute payments to soften the blow of being in that division where total trading losses were nearly £400 million.
Wigan's wage bill of £11.7 million in League One compares to the average in the division of £6.1 million. As they sought promotion, Wigan paid out £176 in wages in 2017/18 for every £100 of income. This compares to an average of £89 in League One.
Wigan's TV income had fallen from £32 million to £3 million since 2013. The importance of FA Cup to lower league clubs is highlighted by the club's success last season in getting to the quarter finals contributing 1/3 of TV income.
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