LEAGUE TWO · FINANCES

League Two club finances and accounts

The 17 League Two clubs we hold accounts for turned over AU$197.7m between them. We hold a wage bill for 10 of them, and those clubs paid AU$104.2m in staff costs.

REVENUE AU$197.7m

CLUBS17

SEASON2016/17-2024/25

Football finances Highest paid

Clubs by revenue

Each club on its latest filed year. Open a club for the full measure set.

#	CLUB	Revenue	Staff costs	Wages to revenue	Pre-tax result	SEASON
1	Rotherham United	AU$19,879,976AU$19.9m	-	-	-AU$8.8m	2024/25
2	Walsall	AU$15,547,140AU$15.5m	AU$11,111,310AU$11.1m	71.5%	-AU$3.7m	2024/25
3	Bristol Rovers	AU$15,318,499AU$15.3m	AU$16,830,737AU$16.8m	109.9%	-AU$13.3m	2024/25
4	Chesterfield	AU$14,749,726AU$14.7m	AU$11,422,328AU$11.4m	77.4%	-AU$4.5m	2024/25
5	Gillingham	AU$14,232,673AU$14.2m	AU$12,787,596AU$12.8m	89.8%	-AU$10.8m	2024/25
6	Fleetwood Town	AU$13,778,624AU$13.8m	-	-	-	2021/22
7	Shrewsbury Town	AU$13,634,579AU$13.6m	AU$10,117,128AU$10.1m	74.2%	-AU$1.8m	2024/25
8	Northampton Town	AU$12,849,452AU$12.8m	AU$11,192,232AU$11.2m	87.1%	-AU$4.9m	2024/25
9	Exeter City	AU$12,415,319AU$12.4m	AU$9,701,300AU$9.7m	78.1%	AU$344k	2023/24
10	Swindon Town	AU$11,402,553AU$11.4m	-	-	AU$145k	2022/23
11	Tranmere Rovers	AU$10,892,786AU$10.9m	AU$9,328,628AU$9.3m	85.6%	-AU$5.5m	2024/25
12	Crewe Alexandra	AU$10,085,348AU$10.1m	AU$8,129,448AU$8.1m	80.6%	-AU$2.3m	2024/25
13	York City	AU$7,270,310AU$7.3m	AU$3,566,422AU$3.6m	49.1%	-	2022/23
14	Newport County	AU$6,545,244AU$6.5m	-	-	-AU$1.7m	2022/23
15	Crawley Town	AU$6,513,016AU$6.5m	-	-	AU$375k	2018/19
16	Grimsby Town	AU$6,484,254AU$6.5m	-	-	AU$310k	2018/19
17	Barnet	AU$6,082,415AU$6.1m	-	-	AU$113k	2016/17

We hold filed accounts for 17 of the 24 clubs in League Two.

Revenue, biggest first

Turnover in each club’s latest filed year.

Rotherham United $20m Walsall $16m Bristol Rovers $15m Chesterfield $15m Gillingham $14m Fleetwood Town $14m Shrewsbury Town $14m Northampton Town $13m Exeter City $12m Swindon Town $11m Tranmere Rovers $11m Crewe Alexandra $10m York City $7m Newport County $7m Crawley Town $7m Grimsby Town $6m Barnet $6m

Wages as a share of revenue

The share of turnover each club paid out in staff costs, across the 10 clubs we hold a wage bill for.

Bristol Rovers 109.9% Gillingham 89.8% Northampton Town 87.1% Tranmere Rovers 85.6% Crewe Alexandra 80.6% Exeter City 78.1% Chesterfield 77.4% Shrewsbury Town 74.2% Walsall 71.5% York City 49.1%

By division

Combined revenue in each division we hold accounts for.

DIVISION	CLUBS	Revenue
Premier League	20	AU$11,626,349,600AU$11.63bn
La Liga	19	AU$6,050,446,691AU$6.05bn
Bundesliga	12	AU$5,072,744,961AU$5.07bn
Ligue 1	18	AU$3,332,013,462AU$3.33bn
Championship	24	AU$2,045,636,159AU$2.05bn
J1 League	20	AU$1,173,277,678AU$1.17bn
La Liga 2	18	AU$1,046,054,433AU$1.05bn
Primeira Liga	19	AU$1,003,367,959AU$1bn
League One	19	AU$845,504,131AU$845.5m
Scottish Premiership	11	AU$599,337,598AU$599.3m
Ligue 2	20	AU$550,140,231AU$550.1m

Frequently asked questions

Which League Two club earns the most?

Rotherham United is the biggest club in League Two we hold accounts for, on AU$19.9m of revenue in 2024/25.

Which League Two club spends most of its revenue on wages?

Bristol Rovers paid 109.9% of revenue in staff costs in 2024/25, the highest share in League Two we hold.

How many League Two clubs are covered?

We hold filed accounts for 17 of the 24 clubs in League Two.