EFL Squad Cost Ratio
How much can Hull City spend?
Under the EFL's Squad Cost Ratio rules, Hull City can spend
around £36.9m on squad
costs - based on an estimated £25.8m of football
revenue and the 85% limit, plus the owner equity top-up.
That puts them an estimated £10.2m over the limit on current figures.
Hull City: the SCR breakdown
- Estimated revenue (football) reported £25.8m
- SCR limit - 85% of revenue £21.9m
- + Owner equity top-up (max / season) £15m
- Effective spending allowance £36.9m
- Estimated squad cost reported £47.1m
- Headroom −£10.2m
Restricted
- squad cost is 182.6% of revenue
What this means
On these estimates, Hull City are spending well above what SCR allows. Closing that gap usually means selling players or growing revenue before they can strengthen further.
Old rules vs new: PSR compared to SCR
Under the old PSR system, clubs were judged on total losses over three years, not on what they spent on the squad as a share of revenue. Here's how Hull's position compares under both sets of rules.
| Old PSR (loss-based) | New SCR (revenue-based) |
|---|---|
|
3-year losses: −£29m
estimated
Limit: £39m Headroom: +£10m 2022/23–2024/25 (Championship) |
Squad cost: £47.1m
Limit (85% + top-up): £36.9m Headroom: −£10.2m Based on £25.8m revenue |
Estimated ~£29m losses over three years, within the £39m limit. Pre-tax losses of £18.8m and £10.2m in last two years offset by operating improvements. Received a transfer embargo in 2024/25 for late payments to other clubs - separate from PSR. Owner has invested ~£100m via loans.
Note on this club's figures. 2024/25 revenue £25.8m (up from £21.2m). Total staff costs £47.1m (183% of revenue - highest ratio in Championship). Pre-tax loss £10.2m. Playoff finalist 2025/26. Sources: matchdayfinance.com, Swiss Ramble, Companies House.
Source.
Source.
Compare Hull with another club
Figures are illustrative estimates from published accounts and public reporting, not
official SCR submissions. SCR uses adjusted football revenue, which differs from headline
turnover. Last reviewed 2026-05-17.
Full rules explainer →