Sheffield United lost £200,000 a week in 2017/18 despite promotion to the Championship. Player sale profits helped offset these losses. Income was up 76% to £20 million mainly due to much bigger solidarity payments from Premier League, TV monies from EFL & higher attendances.
Sheffield United losses of £10m are about mid table by Championship standards. Total losses could exceed £400 million for the division in 2017/18.
Sheffield United wage bill was up 90% to £19 million. Club paying out £95 in wages for every £100 of income. This is well above the recommended level of 50 per cent, although it is far from unusual in the Championship. The average figure for the division is £99. The player wage bill more than doubled. Since 2011/12 Sheffield United have spent £97 on wages for every £100 of income.
Sheffield United spent nearly £4 million on new signings in 2017/18. Player sales were £8.5 million and that figure doesn’t include David Brooks to AFC Bournemouth as sale took place after the year end.
Corporate boxes were sold out for the season for the first time since the Premier League. Match day income was £8.7m and media income was £8.1m, together accounting for around 80 per cent of total income. Average attendances increased from just under 22,000 to just under 27,000.
Lack of parachute payments means that Sheffield United is in the bottom half of income earners in Championship and also shows that Chris Wilder is doing an amazing job on a relatively tight budget.
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