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Saw an article about the profits and losses of Championship teams last season (16/17) and Huddersfild towns came up as a £19m loss including a small profit from selling player(s)! (Ours wasn’t accurate though as it didn’t take into account our sale of Murphy).
So I had a quick look at the accounts on companies house and despite their turnover being £1.5m less than ours, their wages costs were £4m higher at £21.7m!! The big cost was just under £12m of ‘Promotion Costs’, which is detailed in the notes as ‘committed costs’ ‘increased payroll costs’ so presumably promotion bonuses!!