// BBC UK NEWS — CRONACA
Majority of English football clubs on the edge of financial disaster, report says
Bury were expelled from the EFL amid financial difficulties in 2019 - the first team to drop out since Maidstone's liquidation in 1992
English football's finances are "dangerously exposed, with the majority of clubs living on the edge of financial disaster", according to a landmark report by the independent football regulator.
Research by the watchdog found 94% of clubs are loss-making, and more than 60% of EFL and National League clubs are technically insolvent.
The regulator (IFR) warns of "a dangerous cocktail of rising debt and an over-reliance on owner funding, leaving clubs and their fans at risk".
The 'State of the Game' report also suggests that despite the economic success of the Premier League, the financial 'cliff-edges' between and within leagues have grown significantly.
94% of clubs in the top five English leagues made losses in 2025-26
17 clubs across the EFL and National League would be loss-making even if their players played for free
66% of clubs could not survive for more than 90 days without new owner funding
29% of clubs reported they could not survive more than 30 days without such funding
68% of clubs have no contingency plan if their owner walks away