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Owls operating losses up

Sheffield Wednesday have at last published their accounts. I am grateful to Kieran Maguire of the PriceofFootball for tweeting these figures and comments as I have not had time yet to look at the figures in any detail myself.

As a result of the increased player costs Wednesday operating losses increased by 77% to £37.7m, but this too was exceeded by seven other clubs as the Championship lost over £11 million a week. Sheffield Wednesday income was up 8% in 2017/18 but covers a 14 month period compared to 12 in 2016/17.

Chansiri lent the club a further £40 million in 2018 on top of the £20 million in 2017. He has also put in £2 million in shares in 2017 and £21 million in 2018/19, so his total investment since acquiring club is pumping in over £100m and owes the club £60m for the stadium.

Maguire notes, 'The only ways to cover those losses is to sell players, others assets or rely on the owner. Wednesday sold Hillsborough for £60m, booking a £38m profit in the process and players sales profits were £2m.'

Broadcast income in the Championship is skewed towards clubs relegated from the Premier League. Championship stalwarts such as Wednesday earn about £2.3-3.5 million from the EFL deal and £4.3 million from Premier League solidarity payments.

Wednesday matchday income despite a fall in attendances was still the fourth highest in the Championship in 2017/18.

Strip out parachute payments and Wednesday rise from 12th to 6th in the revenue table. Total parachute payments in 2017/18 were £250 million, 34% of the total for the division, but split between eight clubs.

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