LEAGUE TWO · FINANCES

League Two club finances and accounts

The 17 League Two clubs we hold accounts for turned over AU$200.8m between them. We hold a wage bill for 10 of them, and those clubs paid AU$105.8m in staff costs.

REVENUE AU$200.8m

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$20,195,532AU$20.2m	-	-	-AU$8.9m	2024/25
2	Walsall	AU$15,793,920AU$15.8m	AU$11,287,680AU$11.3m	71.5%	-AU$3.8m	2024/25
3	Bristol Rovers	AU$15,561,650AU$15.6m	AU$17,097,892AU$17.1m	109.9%	-AU$13.5m	2024/25
4	Chesterfield	AU$14,983,849AU$15m	AU$11,603,635AU$11.6m	77.4%	-AU$4.6m	2024/25
5	Gillingham	AU$14,458,589AU$14.5m	AU$12,990,574AU$13m	89.8%	-AU$11m	2024/25
6	Fleetwood Town	AU$13,997,332AU$14m	-	-	-	2021/22
7	Shrewsbury Town	AU$13,851,001AU$13.9m	AU$10,277,718AU$10.3m	74.2%	-AU$1.8m	2024/25
8	Northampton Town	AU$13,053,412AU$13.1m	AU$11,369,887AU$11.4m	87.1%	-AU$4.9m	2024/25
9	Exeter City	AU$12,612,388AU$12.6m	AU$9,855,289AU$9.9m	78.1%	AU$350k	2023/24
10	Swindon Town	AU$11,583,546AU$11.6m	-	-	AU$147k	2022/23
11	Tranmere Rovers	AU$11,065,688AU$11.1m	AU$9,476,701AU$9.5m	85.6%	-AU$5.6m	2024/25
12	Crewe Alexandra	AU$10,245,433AU$10.2m	AU$8,258,486AU$8.3m	80.6%	-AU$2.3m	2024/25
13	York City	AU$7,385,712AU$7.4m	AU$3,623,032AU$3.6m	49.1%	-	2022/23
14	Newport County	AU$6,649,137AU$6.6m	-	-	-AU$1.8m	2022/23
15	Crawley Town	AU$6,616,397AU$6.6m	-	-	AU$381k	2018/19
16	Grimsby Town	AU$6,587,178AU$6.6m	-	-	AU$314k	2018/19
17	Barnet	AU$6,178,961AU$6.2m	-	-	AU$115k	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 $16m Chesterfield $15m Gillingham $14m Fleetwood Town $14m Shrewsbury Town $14m Northampton Town $13m Exeter City $13m Swindon Town $12m Tranmere Rovers $11m Crewe Alexandra $10m York City $7m Newport County $7m Crawley Town $7m Grimsby Town $7m 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$11,810,894,832AU$11.81bn
La Liga	19	AU$5,992,823,389AU$5.99bn
Bundesliga	12	AU$5,024,433,104AU$5.02bn
Ligue 1	18	AU$3,300,280,000AU$3.3bn
Championship	24	AU$2,078,106,574AU$2.08bn
J1 League	20	AU$1,191,901,133AU$1.19bn
La Liga 2	18	AU$1,036,092,010AU$1.04bn
Primeira Liga	19	AU$993,812,074AU$993.8m
League One	19	AU$858,924,831AU$858.9m
Scottish Premiership	11	AU$608,850,893AU$608.9m
Ligue 2	20	AU$544,900,800AU$544.9m

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$20.2m 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.