Football "on the edge of disaster" as extent of growing financial crisis laid bare

English football is “standing on the edge of financial disaster,” according to the new Independent Football Regulator. IFR chair David Kogan says there is a “massive contradiction” between the wealth of the Premier League and debt-ridden clubs in the rest of the pyramid. The regulator’s State of the Game report - which is published today - reveals that nearly two thirds of EFL and National League clubs are technically insolvent where their liabilities are greater than their assets.