Cost of living crisis could hit EFL attendances

Premier League clubs have bounced back from the pandemic according to a new industry survey – though lower legal clubs are still struggling. A new report by accountancy and business advisory firm BDO suggests 71 per cent of top flight clubs reported their finances to be “very healthy”. At the same time more than half of all Championship clubs and a quarter of clubs in Leagues One and Two said their finances were “in need of attention”. The biggest concern for clubs right now will be the impact of the cost of living crisis on match attendance – particularly in lower leagues. Derby County, which has been relegated to League One after having points deducted for financial difficulties, was one of the most high profile clubs to get into trouble in recent months. Administrators were called in last autumn and the club almost went under before local business Clowes Developments stepped in to take on the club and stadium. Many Premiership clubs have spent big in the transfer window while some – such as Leicester City and Nottingham Forest – are pushing on with big stadium investment plans. Earlier this year Leicester revealed that they made a pre-tax loss of £33 million in the 2020-21 season when the pandemic was …
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