Championship · England · valued 28 October 2026
Lincoln City valuation
The FCV Index values Lincoln City at £20.5m as of 28 October 2026, with an indicative range of £17.4m–23.6m (data grade A). That ranks Lincoln City #24 in the Championship and #147 of the 198 clubs in the index. Its FCV Desirability score is 38 out of 100 (#60 of the 92 English league clubs).
Key figures
- Live enterprise value
- £20.5m
- Indicative range
- £17.4m–23.6m
- Data grade
- A (±15%)
- Rank in Championship
- #24 of 24
- Rank in FCV Index
- #147 of 198
- Latest revenue
- £8.5m
- Revenue source
- Companies House filed accounts
- Adjusted revenue multiple
- 1.52x
- Squad value (estimate)
- €15.0m
- Stadium capacity
- 11,400
- Stadium ownership
- Not yet verified
- Academy
- Category 3
- Owner
- Clive Nates
- Net debt (filed)
- not confirmed
- Indicative equity value
- n/a
This season
15 points from 12 games; expected finish 18.4. Value in each end-of-season outcome, with FCV's simulated probability:
If promoted, the model assumes the club has to invest to compete and may go straight back down; the promoted value allows for both.
How the value is built
Revenue approach: forward revenue of £19.1m × adjusted multiple 1.52x = £29.1m.
Asset approach: realisable squad value, stadium (if owned) and training ground = £24.3m.
The two are blended with a weight set by division, then adjusted by the club's desirability premium of -10.9%, giving £23.5m if the club stays in the Championship. The live value weights each season outcome by its probability. Full methodology.
Desirability
Lincoln City scores 38 out of 100 on the FCV Desirability Index, #60 of the 92 English league clubs (between #56 and #65 under different weightings). That is below the Championship median of 61, which gives a discount of 10.9% on the club's value.
The score measures what buyers pay for beyond the accounts. It is built from 18 public measurements in six pillars. How the Desirability Index works.
Pillars (0–100; marker = Championship median)
- Top-flight seasons
- 0
- Major honours
- no major honours
- Wikipedia languages
- 39
- Wikipedia views, 24 months
- 585,413
- Average attendance 2023-25
- 8,714
- Population within 30 km
- 0.3m
- Distance to London
- 192 km
- Nearest major airport
- East Midlands, 68 km
Filed accounts
Latest accounts filed at Companies House by company 00045611 (company accounts). Figures in £ millions; some older filings are scanned documents read by OCR.
- Year end
- 2025-06-30
- Turnover
- £8.5m
- Turnover, prior year
- £7.0m
- Staff costs
- £7.5m
- Operating result
- -£2.9m
- Profit on player sales
- n/a
- Profit before tax
- -£2.9m
- Net assets
- £4.5m
- Cash
- £1.6m
- Borrowings identified
- n/a
Questions
How much is Lincoln City worth?
The FCV Index values Lincoln City at £20.5m as of 28 October 2026, with an indicative range of £17.4m–23.6m (data grade A). That ranks Lincoln City #24 in the Championship and #147 of the 198 clubs in the index. Its FCV Desirability score is 38 out of 100 (#60 of the 92 English league clubs).
How much would it cost to buy Lincoln City?
The FCV Index estimates enterprise value at £20.5m, before debt. The price for the shares depends on the club's net debt, which FCV has not yet confirmed from filed accounts.
Who owns Lincoln City?
FCV records the owner as Clive Nates. Check the club's filings at Companies House or the relevant national registry for the current shareholding.
How is Lincoln City's value calculated?
FCV blends a revenue approach (forward revenue of £19.1m × an adjusted multiple of 1.52x) with a realisable-asset approach (squad, stadium and training ground, £24.3m), then weights the values if the club is promoted, stays or is relegated by probabilities from a 20,000-run season simulation.
How desirable is Lincoln City to a buyer?
Lincoln City scores 38 out of 100 on the FCV Desirability Index, #60 of the 92 English league clubs (between #56 and #65 under different weightings). That is below the Championship median of 61, which gives a discount of 10.9% on the club's value.
How often is the valuation updated?
Live values are recalculated after every round of matches, and the financial inputs are updated when clubs file new accounts.
Championship valuations
| # | Club | Live value | Grade |
|---|---|---|---|
| 1 | West Ham UnitedSullivan / Kretinsky / Gold family | £434m | A |
| 2 | Wolverhampton WanderersFosun International | £333m | A |
| 3 | SouthamptonSport Republic (Dragan Solak) | £269m | A |
| 4 | MiddlesbroughSteve Gibson | £173m | A |
| 5 | BurnleyALK Capital (Alan Pace) | £166m | A |
| 6 | Birmingham CityKnighthead (Tom Wagner) | £113m | A |
| 7 | Sheffield UnitedCOH Sports (US consortium) | £104m | A |
| 8 | West Bromwich AlbionBilkul Football (Shilen & Kiran Patel) | £97.4m | A |
| 9 | Stoke CityCoates family (bet365) | £94.0m | A |
| 10 | Norwich CityMark Attanasio | £93.1m | A |
| 11 | Bolton WanderersFootball Ventures (Sharon Brittan) | £76.6m | A |
| 12 | Cardiff CityVincent Tan | £70.5m | A |
| 13 | Queens Park RangersTotal Soccer Growth / Sea Dream | £69.2m | A |
| 14 | Blackburn RoversVenky's Group | £62.4m | A |
| 15 | Bristol CitySteve Lansdown | £62.0m | A |
| 16 | WatfordPozzo family | £54.4m | A |
| 17 | Swansea CitySwansea Football LLC (Cravatt/Cohen) | £53.6m | A |
| 18 | PortsmouthMichael Eisner (Tornante) | £49.4m | A |
| 19 | Derby CountyDavid Clowes | £42.3m | A |
| 20 | MillwallBerylson family | £38.2m | A |
| 21 | WrexhamReynolds / McElhenney / Allyn family | £34.8m | A |
| 22 | Charlton AthleticGlobal Football Partners | £23.3m | A |
| 23 | Preston North EndHemmings family | £21.7m | A |
| 24 | Lincoln CityClive Nates | £20.5m | A |
Cite or reuse this valuation
FCV Index, Lincoln City valuation as of 28 October 2026, https://footballclubvaluations.com/clubs/lincoln-city/