Abstract
Financial distress is not an uncommon occurrence in English football. The number of clubs falling into financial difficulties has escalated, yet this coincides with an era when the revenues accrued to English football have reached unprecedented levels. This article examines the finances of the Premier League and the Football League and assesses the sources of financial distress experienced by many clubs. The authors find that as clubs in the lower divisions engage in the seasonal race for promotion to higher divisions where financial rewards are greater, excessive wage expenditure and the collapse of a major broadcaster have combined to threaten the already fragile existence of many clubs. The authors assess some policy proposals designed to deal with the financial precariousness of English football.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
