Nearly two-thirds of English football clubs are technically insolvent, regulator says

English football is facing a deepening financial crisis, with 94% of clubs operating at a loss and two-thirds unable to survive 90 days without financial support from their owners, according to the UK’s independent football regulator.

Its first State of the Game report highlights billions of pounds in debt and outstanding transfer payments, raising fresh questions over the financial sustainability of clubs across the football pyramid.

Regulator chair David Cogan has warned of structural problems within the game and called for stronger cost controls to protect clubs as vital community assets.

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