Four English Football League clubs are in danger of going out of business, says a study by financial experts.
Four English Football League clubs are in danger of going out of business, says a study by financial experts. According to the report by financial services firm Begbies Traynor, three unnamed clubs in League One and one in League Two are in “financial distress”.
Despite rising from two last season, the overall number of these clubs is down from the high of 13 in the 2011-12 campaign, when the survey began.
In Scotland, only one club was found to be “financially distressed”.
The authors of the report, which was completed in March 2017, had believed the threat of troubled clubs had been “all but eliminated” because of a rise in attendances, more television money and measures such as Financial Fair Play.
But Begbies Traynor are now urging financially struggling clubs to reduce wage bills or improve their share of TV cash, or risk going under.