The Championship is for sale – The Athletic

Owning a football club is fun and there are worse ways to spend your money than bringing enjoyment and pride to thousands.

But they are bloody expensive — money pits, if you will.

According to Kieron O’Connor, the football finance expert behind the Swiss Ramble Twitter feed, Championship clubs have lost a combined £2.5 billion over the last decade, which is what happens when you spend £1.16 on wages for every £1 you earn, as the clubs did in 2019-20.

So, they are all “for sale”, to one degree or another, as nobody can afford this level of attrition forever — their accountants, families or investment committees won’t let them — but, clearly, some are a lot more for sale than others.

Here, then, is our attempt to rank them in terms of how badly they need someone else to pay the bills, or how ready they are to share the burden.

For sale or foreclosed

You cannot get more “for sale” than being in administration, so let us turn the Championship upside down and start with Derby County.

Local tech tycoon Mel Morris bought the two-time English champions in 2015 and spent the next five years breaking transfer records and churning through managers. Having faltered twice in the play-off semi-finals, Derby went one worse in 2019, losing to Aston Villa.

That was the beginning of the end for Morris. He sold the club’s Pride Park stadium to himself to help Derby avoid breaking the English Football League’s spending rules but the controversy that caused caught up with them in the end.

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