Five key points from Independent Football Regulator’s ‘State of the Game’ report

1. Ninety-four per cent of clubs in the top five divisions of English football were loss-making last season.
2. Nearly two-thirds of EFL and National League clubs were technically insolvent, with liabilities exceeding the book value of their assets.
3. Twenty-nine per cent of clubs could not survive more than 30 days if owner funding was withdrawn. The report found the majority of EFL and National League clubs do not have a contingency plan if their owner becomes unable or unwilling to continue financing operations.
4. Seventeen clubs across the EFL and National League would be loss-making even if they did not pay their players.
5. Debt levels in English football were forecast to reach over £5bn by the end of the current season. Premier League clubs account for around 75 per cent of the total debt.

IN FULL

Majority of English football clubs ‘on the edge of financial disaster’, landmark report finds