Report: Only four Championship teams turn a profit, Leeds United and Nottingham Forest in bottom five

The financial state of the Championship remains a cause of concern.

The financial state of the teams in The Championship has often been under the microscope. In recent times the likes of Leeds United, Blackburn Rovers and Nottingham Forest have all been slammed with transfer embargoes because of their financial situations.

Now, a report from Insider Media has demonstrated the alarming statistics regarding the finances of all 24 teams in the Championship.

Only four teams turned a profit last season. Those teams were Rotherham United, Wolverhampoton Wanderers, Hull City and Preston North End – who topped the profit column thanks to a loan waiver from Trevor Hemmings.

Two of the biggest clubs in the Championship were however in the bottom five.

Leeds United, with a loss of £20.3 million, were in 20th whilst Nottingham Forest sat 22nd with a loss of £23.9 million.

Leeds, who have recently worked hard to slash their wage bill, have had financial problems in the past but it is believed controversial owner Massimo Cellino is already starting to slash this figure, compared to the previous owners GFH Capital.

Forest remain under a transfer embargo.

The figures for Fulham and Middlesbrough will also be alarming, at £33 million and £20.4 million respectively. The cost of spending to succeed may come back to bite them, with the majority of those losses likely to be on player recruitment.

But Blackburn Rovers stand out like a sore thumb. The club, under the control of the controversial Venkys Group, are currently under a transfer embargo of their own – with a loss of £42.1 million last year you can understand why.

The level of loss and debt in The Championship needs to improve, and fast, before another Portsmouth or Rangers situation hits British football.

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