The difficulties of competing effectively in the Championship without parachute payments are shown by the accounts of league leaders Brighton and Hove Albion for the 2014-5 season. They reported losses of £10.44m.
The club finished 20th last season which helps to explain why turnover declined by £300k to £23.7m. Operational efficiencies helped to hold down administrative costs, but footballing costs were up and represented 100 per cent of turnover, twice the recommended level.
The difficulties of competing effectively in the Championship without parachute payments are shown by the accounts of league leaders Brighton and Hove Albion for the 2014-5 season. They reported losses of £10.44m.
The club finished 20th last season which helps to explain why turnover declined by £300k to £23.7m. Operational efficiencies helped to hold down administrative costs, but footballing costs were up and represented 100 per cent of turnover, twice the recommended level.