Clubs `risk bankruptcy` by promotion

in englishfootball •  7 years ago 

English Football League clubs risk bankruptcy by chasing promotion to the premier league, say financial experts.

between the 2008-09 and 2015-16 seasons, 19 clubs entered the top flight, and only one- Crystal Palace - avoided making a loss.

Average losses in their promotion seasons were more than £300,000 per week, financial data firm Vysyble said.

But the English Football League (EFL) said such reports "confuse the reality of the situation for supporters"

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7 years ago by

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