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Although the 2016/17 financial results for the Championship are now a season out-of-date, they are the most recent published by the clubs, so people might still be interested in the comparisons as the new season kicks-off. Some thoughts in the following thread.
In contrast to the Premier League, only 6 clubs in the Championship made money, led by #NFFC £32m & #BarnsleyFC £13m. In this very competitive division most clubs over-extend in a bid to reach the lucrative top flight. Largest losses at 2 promoted clubs: #NUFC £47m & #BHAFC £39m. 
Some clubs’ figures impacted by significant exceptional items, so #NFFC (£40m) and #ReadingFC (£9m) were boosted by loan write-offs. In contrast, promotion bonuses adversely affected #HTAFC £12m, #NUFC £10m and #BHAFC £9m. Newcastle also booked £22m onerous contract provisions.
Leeds United’s 2016/17 financial results covered a season when they finished 7th in the Championship under former head coach Garry Monk, thus just missing out on the play-offs #LUFC
2016/17 also saw Massimo Cellino’s three-year reign come to an end, as fellow Italian Andrea Radrizzani first bought a 50% stake in December 2016 before taking 100% ownership in May 2017. He reportedly paid £45m to acquire #LUFC.
#LUFC reported a £1m profit, around £10m better than the previous season’s £8.9m loss, mainly due to £6.1m increase in profit on player sales to £8.9m, though revenue also rose £4m (13%) to £34.1m.
Blackburn Rovers’ financial results for 2016/17 covered “a season to forget for #Rovers fans”, as the club was relegated from the Championship to League One with manager Owen Coyle replaced by Tony Mowbray. The good news is that they have immediately bounced back in 2017/18.
#Rovers loss worsened by £2.3m from £1.5m to £3.8m, mainly due to £7.1m (32%) reduction in revenue to £14.9m and £6.0m fall in profit on player sales to £10.4m, offset by cost cuts: wages £3.4m (13%) to £22.0m, other expenses £4.8m (51%) to £4.5m & player amortisation £1.8m.
Main reason for what #Rovers Finance Director Mike Cheston described as “a significant drop in income” was the loss of parachute payments £10.5m, though the blow was softened by £4.3m solidarity payments. Match day and commercial slightly declined, by £0.2m & £0.1m respectively.
Nottingham Forest recently published financial results for 2016/17, when they finished 21st in the Championship, narrowly avoiding relegation. After the season concluded, the club was purchased from Fawaz Al Hasawi by NF Football Investments Ltd. Some thoughts follow #NFFC
NF Football Investments Ltd is owned by Evangelos Marinakis (80%) & Sokratis Kominakis (20%). Marinakis is a Greek shipowner, who also owns perennial Greek champions Olympiacos. The takeover was concluded on 18th May 2017, i.e. at the very end of the 16/17 reporting period #NFFC
#NFFC reported a £32.1m profit against a £2.2m loss the previous season (a £34.3m improvement), largely due to loan write-offs increasing by £22.7m from £17.7m to £40.4m and profit on player sales rising £10.4m to £14.7m, mainly the sale of Oliver Burke to RB Leipzig.
