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Essential lightweight English course
Reports from the Independent Football Regulatory Authority in England reveal that 94% of English clubs are experiencing significant financial losses, with owners losing 41% of their investment value. Additionally, 66% of these clubs require financial support within 90 days or face insolvency. The report confirms that excessive spending on player acquisitions, which reached £4.8 billion last season, alongside player sales totaling £1.5 billion, is unsustainable and worsens the crisis. The authority urges clubs to revise their financial policies and curb spending, warning that clubs in other countries could face a similar fate if they fail to learn from the English experience and stop overspending on transfers.
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