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How Much Money Every Club in Premier League History Has Made or Lost

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The financial aspect of running a football club is never simple, is it? That is especially the case in the Premier League, the most-watched league in world football, as teams often rely on money to compete in one of the toughest divisions on the planet. Those teams who get promoted from the Championship, in particular, require a windfall of cash if they have any chance of surviving among the very best in the country.

But how much has each team that have played in the Premier League era – from the likes of Oldham Athletic and Wimbledon, two sides who participated in its maiden campaign, to those who currently ply their trade in England’s primary division – earned in that period?

Football finance expert Kieran Maguire has taken to X (formerly Twitter) to reveal that, since the Premier League’s inception in 1992, clubs have lost just shy of £5 billion – £4.99bn, to be precise – and there are ten clubs, including Chelsea and Aston Villa, who are responsible for 90% of that significant loss. But who have lost the most money and which teams have been the best at handling their finances?

Premier League Teams, Since 1992, Who Have Made Money

Let’s kick things off with the shrewd money-makers who have plied their trade in the Premier League since its inception in 1992 and Swindon Town and Oldham Athletic, two sides now in League Two, kick things off with £0.1 million made, which is just bettered by that of Barnsley in League One – £0.7m.

Kieran McKenna’s Ipswich Town are hoping to return to the Premier League after being relegated (by virtue of their 19th-placed finish) at the end of 2024/25 but, as of now, their net gain is sitting at £1.3m.

Fellow Championship side Birmingham City, who have plans to build one of the biggest stadiums, worth £3 billion, in England, have added a total of £5.6m to their kitty, according to Maguire. Reading of League One have made a figure of £10.8m across the last 34 years or so – and that is bettered by Liverpool, who are one of six teams to never be relegated from the Premier League.

The Reds may have enjoyed a ton of seasons in England’s top flight post-1992 but their spending, especially under Jurgen Klopp, never reached the levels of Manchester United and Manchester City; and that could be a large factor behind the fact they’ve earned £12m in the allotted time frame.

Blackpool of League One, Norwich City of the Championship and Brentford of the Premier League all follow. As do Huddersfield Town, who have pocketed £33.5m, and Championship outfit Swansea City – who have benefitted from being one of the biggest sides in Wales alongside Cardiff City.

Brighton & Hove Albion and Burnley, two sides in the Premier League, are among the biggest money-makers, too, having earned respective figures of £46.1m and £131m.

Arsenal and Tottenham Hotspur, two halves of one of the biggest derbies in British football, are the two sides that have chalked up the most money since the Premier League was made in 1992. The Gunners, thanks to their global influence, are a money-making side – and that’s evidenced by their figure of £132.4m, which is just less than Spurs, who have earned £183.2m in that time.

Premier League Teams, Since 1992, Who Have Made Money

Team

Current League

Money Made Since 1992

Swindon Town

League Two

£0.1m

Oldham Athletic

League Two

£0.1m

Barnsley

League One

£0.7m

Ipswich Town

Championship

£1.3m

Birmingham City

Championship

£5.6m

Reading

League One

£10.8m

Liverpool

Premier League

£12m

Blackpool

League One

£20.9m

Norwich City

Championship

£30.3m

Brentford

Premier League

£31.2m

Huddersfield Town

League One

£33.5m

Swansea City

Championship

£35.1m

Sheffield United

Championship

£35.2m

Brighton & Hove Albion

Premier League

£46.1m

Luton Town

League One

£49.5m

Hull City

Championship

£51.7m

West Bromwich Albion

Championship

£68.1m

Burnley

Premier League

£131m

Arsenal

Premier League

£132.4m

Tottenham Hotspur

Premier League

£183.2m

Premier League Teams, Since 1992, Who Have Lost Money

There are, however, teams that aren’t as trusty with their money. Wimbledon, now in League One, have lost a mere (in hindsight) £1.4 million, and they are quickly followed by Bradford City and Cardiff City – two teams that also ply their trade in England’s third tier. Respectively, they’ve lost £5.6m and £9.5m since 1992.

Charlton Athletic, now managed by Nathan Jones, used to be a regular fixture in the promised land of English football, but they are now in the Championship after winning the play-off final against Leyton Orient. The likes of League One’s Wigan Athletic (£21.8m) are also among those to have lost money.

As are the Championship sextet: Coventry City, Sheffield Wednesday, Queens Park Rangers, Watford, Portsmouth and Derby County, who are widely regarded as one of the worst teams in Premier League history.

Nottingham Forest have not been afraid to splash the cash since they’ve established themselves as a regular in the Premier League era and that’s been reflected in the fact they’ve lost £61.1 million since 1992, which is when Division One transformed into the Premier League.

Albeit now in League One, there was a time when Bolton Wanderers were involved in proceedings at the summit of English football – and many believe they contributed to the golden era of top flight action. All in all, they’ve lost £107.1 million in that time and that is just less than Leeds United and Wolverhampton Wanderers (£109.1m and £121.4m, respectively).

Nearing the top of the list, of course, are a heap of sides who have been playing in the Premier League for a while, thus allowing them to spend big and sometimes beyond their means. West Ham United (£135.1m), Newcastle United (£148.1m) and Crystal Palace (£171.6m) have all recorded losses.

White Black Modern Photo Collage Before After Youtube Thumbnail - 2025-12-28T212421.025


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Six clubs are priced at over one billion pound.

Two teams on either side of the Manchester derby, Manchester United (£244.1m) and Manchester City (£569.7m), have not been afraid to spend big on new players. The latter, however, have managed to outlay their billions’ worth of new recruits with outgoings.

This should come as little to no surprise, but the club who have lost an eye-watering £1.26 billion between 1992 and the present day are Chelsea, who have become one of Europe’s talent hoarders. Partial to over-spending on players that are not up to scratch (think Mykhailo Mudryk and Alvaro Morata both spring to mind), the Blues are only set to spend more and more under the ownership of Todd Boehly and Clearlake Capital.

Premier League Teams, Since 1992, Who Have Lost Money

Team

Current League

Money Lost Since 1992

Wimbledon

League One

£1.4m

Bradford City

League One

£5.6m

Cardiff City

League One

£9.5m

Charlton Athletic

Championship

£19.1m

Wigan Athletic

League One

£21.8m

Coventry City

Championship

£22m

Derby County

Championship

£24.1m

Sheffield Wednesday

Championship

£25.1m

Queens Park Rangers

Championship

£42.9m

Watford

Championship

£54m

Portsmouth

Championship

£55.4m

Nottingham Forest

Premier League

£61.1m

Stoke City

Championship

£77.3m

Blackburn Rovers

Championship

£77.8m

Bolton Wanderers

League One

£107.1m

Leeds United

Premier League

£109.1m

Wolverhampton Wanderers

Premier League

£121.4m

Southampton

Championship

£123.1m

West Ham United

Premier League

£135.1m

Middlesbrough

Championship

£147.9m

Newcastle United

Premier League

£148.1m

Crystal Palace

Premier League

£171.6m

Bournemouth

Premier League

£174.4m

Leicester City

Championship

£182.4m

Sunderland

Premier League

£211m

Manchester United

Premier League

£244.1m

Fulham

Premier League

£357.6m

Manchester City

Premier League

£569.7m

Everton

Premier League

£633.1m

Aston Villa

Premier League

£677.9m

Chelsea

Premier League

£1.26bn

All figures per football finance expert Kieran Maguire – correct as of 22/01/2026

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Japan Use Never-Seen-Before Tactic in 2-2 Draw vs Netherlands

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Japan manager Hajime Moriyasu deployed a never-seen-before tactic to help his players secure a 2-2 draw against the Netherlands on Sunday night.

One of the most eagerly-anticipated fixtures of the 2026 World Cup’s opening week didn’t disappoint. Virgil van Dijk gave Netherlands the lead early in the second half before Keito Nakamura equalised minutes later.

Crysencio Summerville put the Netherlands back in front in the 64th minute, but the Oranje were denied all three points when Daichi Kamada scored a dramatic late equaliser.

Asked if he had any regrets over his tactics, Netherlands boss Ronald Koeman told reporters: “There was also a problem with pressure on the flanks. ​So if you look at the game, both goals, well, we didn’t defend ​well.

“Football is a funny game because, after Japan scored the second goal, they ‌started ⁠defending as well.

“So we could have scored a third goal. So I don’t regret my choices.”


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Japan’s Never-Seen-Before Tactic Goes Viral

Japan manager Hajime Moriyasu Issei Kato via Reuters

However, it’s the unusual tactics of Moriyasu which have sparked plenty of debate on social media.

The 57-year-old, who has been in charge of the Japan national team since 2018, was seen holding a white board with giant numbers towards his players.

The numbers represented how many minutes were remaining. In stoppage time, Moriyasu flashed up a board with a minute-by-minute update, to ensure his players were acutely aware of when the full-time white was coming. Watch the footage below:

Asked about the tactic, former Australia and Tottenham manager Ange Postecoglou said on ITV Sport: “Yeah I guess their timekeeping is good. Fantastic. I just wish they had something that said, ‘[be] brave’ and play more to their capabilities.

“They should be really happy with the 2-2. I know the capabilities they have. They can win these games by playing with a little bit more character.”

Manchester United legend Gary Neville, asked whether he adopted such methods during his ill-fated managerial spell with Valencia, added: “No, that wasn’t a tactic I deployed. When I saw a six board, that was the goals we conceded!”

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Japan and Netherlands find themselves second and third, respectively, in Group F after the first round of matches. Sweden thrashed Tunisia 5-1 in the group’s other game, with Liverpool’s Alexander Isak and Arsenal’s Viktor Gyokeres both getting on the scoresheet.

Netherlands face Sweden on Saturday, while Japan go head-to-head against Tunisia on the same day.

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Islam Makhachev Reacts to Ilia Topuria Losing to Justin Gaethje

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Islam Makhachev has issued a response to the UFC Freedom 250 card that took place in the early hours of Monday, the 15th of June, on the South Lawn of The White House in Washington, D.C.

The two-division champion, a former lightweight ruler himself, appears to have had a particular interest in the main event — with the 155-pound championship changing hands after Justin Gaethje flipped the odds to defeat the titleholder Ilia Topuria in brutal fashion, rearranging the Spanish-Georgian’s face with a masterclass in doghouse striking.

Topuria once posted on social media following Makhachev’s welterweight win over Jack Della Maddalena late last year. Despite Makhachev winning that fight, Topuria didn’t have many positive things to say. Topuria fared far worse against Gaethje, and Makhachev hardly held back responding this week.


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Islam Makhachev’s Reaction to Ilia Topuria Losing UFC Title

Ilia Topuria vs Justin Gaethje Credit: Amber Searls-Imagn Images

In 2025, Topuria told Makhachev that he’s “the most boring thing in this game,” adding: “Every day I’m more certain I put you to sleep.”

Makhachev bided his time when it came to the opportune moment to respond, and that moment came at the historic event at The White House, with Makhachev saying: “He who exalts himself will be humbled! There’s levels in this game. Congratulations, Justin, you deserve this belt more than anyone!”

The official scorecards for Gaethje’s upset win over Topuria can be seen here, together with the punch stats, and they showed the wide margin for the American’s win. And it all led to the final image of Topuria, on his stool, between rounds four and five, unable to answer the bell, with his brother, Alex, telling the referee, Marc Goddard, that they’d “finish [stop]” the fight.

“To quit in the biggest fight of your career is something not everybody can do,” Makhachev said.

The loss was the first in Topuria’s career. Gaethje, meanwhile, advances his pro MMA record to 28 wins (21 knockouts and one submission) against five losses.

All seven of the UFC Freedom 250 fights finished with a knockout, including Ciryl Gane‘s dominance of Alex Pereira over two rounds, Sean O’Malley’s second-round stoppage of Aiemann Zahabi, and Mauricio Ruffy’s devastating, first-round finish over Michael Chandler.


Justin Gaethje


Judges’ Scorecards For Ilia Topuria vs Justin Gaethje at UFC Freedom 250

The judges’ scorecards for Ilia Topuria vs Justin Gaethje at the time of stoppage make for interesting reading…

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‘FIFA to Investigate’ Referee Shaun Evans Over World Cup Hand Gesture

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FIFA are ‘likely to investigate’ after a World Cup official was accused of making a “White power” gesture during Germany’s 7-1 win over Curacao on Sunday.

Footage of referee Shaun Evans making a hand signal immediately went viral across social media.

The Australian A-League official was ‘Support VAR’ for Sunday’s World Cup clash and briefly appeared on the live broadcast shortly before kick-off.

Different Meanings Behind Hand Gesture

Shaun Evans hand gesture

Per The Athletic, the gesture – in which the thumb and index finger touch while the other fingers of the hand are outstretched – has, in recent years, been used to symbolise White power. The three remaining fingers signalling a W for White, while the thumb and index finger represent a P for Power.

However, the gesture can also have other meanings. Some people on social media have jumped to Evans’ defence, pointing out that the move is also used as part of the “circle game” – a playground prank in which people trick each other into looking at an OK-like hand gesture made somewhere below the waist. Anyone who looks at the sign receives a light-hearted punch.

FIFA, world football’s governing body, are likely to investigate the context and intent behind the gesture, according to the Daily Mail. Watch footage of the incident below:

A FIFA spokesperson reportedly said they are aware of the incident but declined to comment further.

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Anti-Discrimination Group Slam Referee in Statement

Replica World Cup trophy Dylan Martinez via Reuters

In a statement released on Sunday night, the anti-discrimination Fare network, who challenge inequalities in football, said via The Athletic: “Advice from our experts is that the gesture used clearly resembles an upside down ‘OK’ hand symbol used as a ‘White power’ symbol in global far-right circles.

“Why is a VAR supervisor using this symbol at a global football event at the very moment he knows the cameras are on him? It can only be that he is intentionally transmitting a far-right neo-nazi symbol.

“We note that in the two subsequent games it appears TV directors have stopped introducing the VAR panel to the TV audience.

“A global television audience should not be subjected to extremist far right individuals using neo-Nazi symbols as they prepare to watch a match.

“Clearly this official should have no further role to play in this World Cup.”

While the hand gesture is characterised as a hate symbol by the Anti-Defamation League (ADL), it warns that “caution” must be taken regarding intent over the gesture’s meaning.

The ADL’s website says: “Because of the traditional meaning of the “okay” hand gesture, as well as other usages unrelated to white supremacy, particular care must be taken not to jump to conclusions about the intent behind someone who has used the gesture.”

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