PNE the only debt free club in championship

FullSizeRenderBy Antony Gilmour – Online Sports Editor


Preston North End are debt free, while the rest of the Championship amass 1.1 billion in the red.

The Lilywhites solid start to the season has extended past the football pitch; as Insider Media Limited reveal North-End to be the only Championship side free of debt.

So far North-End have picked up five points from four games, and can proudly boast three clean sheets to go alongside their 12th place position in the league.

PNE’s off the field clean sheet mainly comes down to owner, Trevor Hemmings, decision to wipe more than £34 million off the clubs balance sheet during the clubs latest accounts.

Bolton Wanderers and Queens Park Rangers rank first and second when it comes to their overspend, owing debts of £182.1 million and £179.6 million respectively.

Even with what seems like hefty figures, only three teams across the Football League (Championship, League 1, League 2) are deemed as suffering ‘serious financial debt’.

Insider Media Limited have also revealed that the Lilywhites are top of the tree when it come to profitability, earning £16.4 million pre-tax profit.

While Lancashire compatriots Blackburn are at the foot of the profitability table, with a loss of more than £42 million.

Should PNE continue to stay in the English second division beyond this season, it could spell out a good financial platform to push for a promotion charge next year.

 

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