Underdogs win promotion
Huddersfield Town, who won promotion to the Premier League by beating Reading on penalties, are a much smaller club in financial terms than the Royals. Reading have annual revenues of £26m and Huddersfield £11m. Reading’s wage bill is £31m and that of Huddersfield £13m.
Both clubs, it will be noted, pay out more than 100 per cent of their revenue in wages, but that is not unusual for Championship clubs trying to win promotion. Huddersfield lose £5m a year.