'State of the Game' report finds most English clubs living on financial brink

Research by the Independent Football Regulator finds 94% of clubs are loss-making, and more than 60% of EFL and National League clubs are technically insolvent. English football's finances are "dangerously exposed, with the majority of clubs living on the edge of financial disaster", a new report says. The Independent Football Regulator (IFR) has produced a 'State of the Game' report, which has taken a forensic look at English football over the past 18 months, concluding that the game's finances are dangerously exposed, with the majority of clubs living on the edge of financial disaster.