End of parachute payments hits Boro

When parachute payments come to an end it can hit a club's finances hard and that is certainly the case at Middlesbrough: Need to rationalise finances

Last year's revenues were around £65m. This year it will be around £21m. And the fixed costs of the club remain: with rates, utilities, maintenance and staff at the stadium and the training ground it costs Boro around £15m before a ball is kicked.

That leaves the wage-bill to deal with. The first year after relegation the wage-bill was £49m. Last year it was still over £30m. This year it is still north of £20m.

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The Political Economy of Football V2

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