Football 'on the edge of financial disaster' in shock new report

Football in England is on the precipice of meltdown, with “financial disaster” around the corner. That's according to the new Independent Football Regulator, whose State of the Game report reveals that should owners pull their funding from clubs, a significant number would fold within 30 days – with chair David Kogan explaining the “massive contradiction” between the wealth of Premier League clubs and the debt throughout the English footballing pyramid. Perhaps most worryingly for fans, 94 per cent of English football’s top 116 clubs are currently making losses.