Nearly all League One clubs are losing money

Nearly all clubs in League are1 losing money, reveals Kieran Maguire of the Price of Football. Average losses are £75,000 a week. Only Walsall have broken even.

The average wage bill is £6.6 million for a League One club, which takes Alexis Sanchez 15 weeks to earn. The average wage is £135,000 a year of £2,600 a week.

Total transfer spending in 2016/17 was £8.3m compared to £980,000 in League Two.

League One debts total £70m, mainly owed to companies controlled by owners, as banks would not want to risk lending them money.

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The Political Economy of Football V2

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