EIGHT clubs named that could follow Bury’s demise and Bolton’s financial struggles

According to a report, EIGHT clubs have been named that could follow Bury’s demise and Bolton’s financial struggles.

Liverpool University’s football finance expert Kieran Maguire has highlighted five main clubs that could be at risk trouble and another three who have worryingly delayed wage payments.

It is said that out of all 92 clubs within the top four tiers of the English football pyramid, 61 made a net loss in their most recent accounts with total losses coming to £589million.

Find out below which eight club clubs have been named to potentially struggle just like Bury and Bolton have done recently.

CHARLTON ATHLETIC

Current league position: 2nd in the Championship table

Loss in 2017-18: £10.45m

Reason for concern: Owner threats

It is said in the Daily Mail: “Charlton’s Belgian owner Roland Duchatelet has been trying to sell the club for some time, but no one has come near his asking price. Duchatelet has even demanded that the EFL buy them as his relationship with fans has deteriorated.

“Charlton lost money both before and since Duchatelet’s arrival in 2014, but the extent of the losses has been significant, with only the sales of Ademola Lookman, Johann Berg Gudmundsson and Nick Pope in 2016-17 allowing the club to break even. Under Lee Bowyer they have made an excellent start to the season and will be hoping for promotion to the Premier League, but with debts exceeding £60m there could be problems if the owner tries to recoup his investment.”

 

MACCLESFIELD TOWN

Current league position: 7th in the League Two table

Loss for 2017-18: £250,000

Reason for concern: Winding-up order

It is said in the Daily Mail: “Sol Campbell performed a minor miracle last season in helping Macclesfield avoid relegation, but the club’s financial problems are more pressing. They failed to pay wages more than once in 2018-19 and now face a winding-up order on September 11 due to former players suing for unpaid wages. Their losses might seem relatively low at an average of £4,000 a week in recent years, but the club are a classic case of any losses are too much if you can’t afford to cover them.”

 

COVENTRY CITY

Current league position: 4th in the League One table

Loss for 2017-18: £2.48m

Reason for concern: Homeless

It is said in the Daily Mail: “Playing this season at Birmingham’s ground after a dispute between hedge fund owner Sisu Capital and stadium landlords Wasps. Sisu’s motives for buying Coventry are no clearer than when they acquired the club in 2007, since when it has lost £64m. Sisu and another mysterious organisation based in the Cayman Islands called the Arvo Master Fund have lent the club £37m but there seems to be little chance of repayment. If either Sisu or Arvo demand their loans back, then the club have no assets. Coventry have been successful in developing star players in recent years such as James Maddison and Callum Wilson, but this is a hit-and-miss way of making money.”

 

Find out which five other clubs have been listed to potential go down the worrying of direction Bury and Bolton suffered recently by clicking on the next page.

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