Football League clubs lost £388m last season as cash crisis is revealed - News Summed Up

Football League clubs lost £388m last season as cash crisis is revealed


Derby County are through to the play-offs but have had to sell their stadium NICK POTTS/PAThe growing gap between the Premier League and lower-league clubs has been starkly illustrated by figures that show nearly three quarters of English Football League sides are losing money. Premier League teams had record revenues of £8.4 billion and 12 of the 20 top-flight clubs made a net profit in 2017-18. By contrast, 52 of the 72 clubs in the Sky Bet Championship, League One and League Two ended the season in the red. Taking into account all profits and losses, the 20 Premier League clubs made a surplus of £304 million while the 72 EFL teams had a collective net deficit of £388 million. The financial struggles of lower-league clubs have been brought sharply into focus in the past season.


Source: The Times May 23, 2019 23:07 UTC



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