PKF Accountants and Business Advisers have shown through their research into football finances that the business aspects of running a football club are getting more difficult.
The research, named the Leagues Apart Survey, asked 62 financial directors from across the football league about various subjects of running a club from a financial aspect. Considering there are only 92 clubs in total in English League football, the results are not to be sniffed at.
According to the survey, 66% of the clubs asked said they were anticipating to make a loss, this coming before player transfers and amortisation. This represents a big increase after last seasons 42%.
It also showed that 58% of the clubs were reliant on a majority shareholder to cover the club's financial losses.
It could be argued that given that businesses are struggling financially in all sectors, it comes as no surprise that these figures show that clubs are struggling.
With the whole country still deep in a recession, how long term these financial insecurities remains to be seen.