Covid-19 impact on Championship clubs' finances and transfer activities


Key Player
Clubs were trying to contain cash outflows before COVID; but clearly shit hit the fan this summer and the one before.

Looks like the EPL clubs stopped their transfer business with the Championship clubs this summer - hence the dramatic fall-off in income (green). For the most part, Championship clubs buy from each other or from lower leagues.

In terms of trickle down ... nothing is trickling down any more.


Key Player
Barnsley have signed three players for undisclosed fee, two players on loan and one free agent. Judging by the
market value of the players they have bought I guess they have
spent something like £2m.

Screenshot 2021-09-07 at 20.32.03.jpg

All Birmingham signings have been either free agents or players signed on loan. I guess they have spent
something like £1m on sign-on-fees

Screenshot 2021-09-07 at 20.43.50.jpg

Blackburn have spent about £500.000 on a player signed from Lincoln. All other signings are loan transfers.

Screenshot 2021-09-07 at 21.37.29.jpg

Blackpool have spent approx. £2m

Screenshot 2021-09-07 at 21.40.46.jpg

Bournemouth have spent approx. £5m on new players

Screenshot 2021-09-07 at 21.43.35.jpg


Key Player
Bristol approx. £2m

Screenshot 2021-09-07 at 21.46.50.jpg

Cardiff let's say £500.000

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Coventry approx. £2m

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Derby £300.000

Screenshot 2021-09-07 at 21.51.05.jpg

Fulham with sign-on-fees approx. £22m

Screenshot 2021-09-07 at 21.52.26.png


Key Player
Huddersfield approx. £500.000

Screenshot 2021-09-07 at 21.54.34.jpg

Hull under £500.000

Screenshot 2021-09-07 at 21.56.18.jpg

Luton under £500.000 as well

Screenshot 2021-09-07 at 21.57.24.jpg

Middlesbrough with sign-on-fees approx. £7.5m - £8.5m

Screenshot 2021-09-07 at 21.58.51.jpg

Millwall something like £2m

Screenshot 2021-09-07 at 22.00.50.jpg



Key Player
I expect that all clubs are in tight cash flow conditions. Therefore, cash is not flowing to pay for transfers and the only way the selling club can receive cash now is to factor the receivable from the buying club. Of course, there is a discount to the amount received in that process. These transactions typically result in filings at Companies House. I am waiting for the Swans filings for Lowe and Roberts, then we will know what the Club received.
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