League Two club finances and accounts
The 17 League Two clubs we hold accounts for turned over $139.1m between them. We hold a wage bill for 10 of them, and those clubs paid $73.3m in staff costs.
Clubs by revenue
Each club on its latest filed year. Open a club for the full measure set.
| # | CLUB | Revenue | Staff costs | Salaries to revenue | Pre-tax result | SEASON |
|---|---|---|---|---|---|---|
| 1 | Rotherham United | $13,989,613$14m | - | - | -$6.2m | 2024/25 |
| 2 | Walsall | $10,940,580$10.9m | $7,819,070$7.8m | 71.5% | -$2.6m | 2024/25 |
| 3 | Bristol Rovers | $10,779,685$10.8m | $11,843,852$11.8m | 109.9% | -$9.4m | 2024/25 |
| 4 | Chesterfield | $10,379,437$10.4m | $8,037,935$8m | 77.4% | -$3.2m | 2024/25 |
| 5 | Gillingham | $10,015,585$10m | $8,998,679$9m | 89.8% | -$7.6m | 2024/25 |
| 6 | Fleetwood Town | $9,696,068$9.7m | - | - | - | 2021/22 |
| 7 | Shrewsbury Town | $9,594,704$9.6m | $7,119,461$7.1m | 74.2% | -$1.2m | 2024/25 |
| 8 | Northampton Town | $9,042,207$9m | $7,876,015$7.9m | 87.1% | -$3.4m | 2024/25 |
| 9 | Exeter City | $8,736,706$8.7m | $6,826,841$6.8m | 78.1% | $242k | 2023/24 |
| 10 | Swindon Town | $8,024,019$8m | - | - | $102k | 2022/23 |
| 11 | Tranmere Rovers | $7,665,294$7.7m | $6,564,590$6.6m | 85.6% | -$3.9m | 2024/25 |
| 12 | Crewe Alexandra | $7,097,097$7.1m | $5,720,722$5.7m | 80.6% | -$1.6m | 2024/25 |
| 13 | York City | $5,116,144$5.1m | $2,509,705$2.5m | 49.1% | - | 2022/23 |
| 14 | Newport County | $4,605,912$4.6m | - | - | -$1.2m | 2022/23 |
| 15 | Crawley Town | $4,583,233$4.6m | - | - | $264k | 2018/19 |
| 16 | Grimsby Town | $4,562,993$4.6m | - | - | $218k | 2018/19 |
| 17 | Barnet | $4,280,218$4.3m | - | - | $79k | 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.
Salaries as a share of revenue
The share of turnover each club paid out in staff costs, across the 10 clubs we hold a payroll for.
By division
Combined revenue in each division we hold accounts for.
| DIVISION | CLUBS | Revenue |
|---|---|---|
| Premier League | 20 | $8,181,505,274$8.18bn |
| La Liga | 19 | $4,257,721,745$4.26bn |
| Bundesliga | 12 | $3,569,709,417$3.57bn |
| Ligue 1 | 18 | $2,344,750,214$2.34bn |
| Championship | 24 | $1,439,521,741$1.44bn |
| J1 League | 20 | $825,639,847$825.6m |
| La Liga 2 | 18 | $736,112,379$736.1m |
| Primeira Liga | 19 | $706,073,749$706.1m |
| League One | 19 | $594,984,388$595m |
| Scottish Premiership | 11 | $421,756,087$421.8m |
| Ligue 2 | 20 | $387,135,718$387.1m |
Frequently asked questions
Which League Two club earns the most?
Rotherham United is the biggest club in League Two we hold accounts for, on $14m 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.