Independent Football Regulator warns English clubs face financial risks as 94% report losses and more than 60% of some leagues are technically insolvent
BusinessEurope
The Independent Football Regulator has warned that English football faces major financial risks, leaving club finances dangerously exposed. Its State of the Game report says 94% of clubs across England’s top five leagues recorded losses in the 2025-26 period.
The report also says more than 60% of clubs in the English Football League and National League are technically insolvent, amid rising debts and continued reliance on club owners.
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