Most English clubs face net losses
Reports from the Independent Football Regulatory Authority (IFR) indicate that more than a quarter of English clubs, including those in the Premier League, may not survive beyond 30 days without owner funding due to significant financial losses. During the 2025/2026 season, 94% of clubs across the top five English divisions recorded pre-tax losses, averaging approximately 59% of their revenue in the Championship and 65% in League One. Additionally, the average losses in the Premier League doubled from £20 million to £44 million between the 2021/2022 and 2025/2026 seasons. Clubs rely heavily on external funding; for every £1 they generate in revenue, they require external financing. Notably, 76 clubs lack a financial contingency plan. Club debts exceed £4 billion and are projected to reach £5.1 billion by the 2026/2027 season, with transfer debts alone amounting to £4.8 billion. The sector faces serious risks of funding shortages or reductions, threatening the sustainability of clubs amid rising debts and heavy reliance on external investment, all while club revenues decline due to weakened financial stability.
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