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Gap between Premier League and EFL widens

The financial gap between the Premier League and the Football League has widened to £133m since the new broadcast deal: Mind the gap

Championship clubs are now tending towards a 'two-year gamble' to attempt promotion and avoid breaching spending rules, according to Kieran Maguire of the Price of Football. Sustainability rules which allow clubs to make up to a £39m loss over a rolling three-year period meant clubs were buying players and paying high wages to win promotion, he added. That approach included the need for a third year of retrenchment, with the focus on cutting wages and generating income from player sales to avoid exceeding permitted losses set out in the spending rules.

Maguire identified five clubs he believed were taking a 'two-year gamble'. 'The most noticeable clubs that appear to have taken this approach and "twisted on 2017" are Aston Villa, Birmingham City, Derby County and Sheffield Wednesday,' he said. 'Wolves also took the same gamble in 2017-18 but were rewarded with promotion.'

'I think Steve Gibson has realised that Middlesbrough have a separate cliff edge as they only receive parachute payments for two years following their relegation in 2016-17. This meant they realistically had only one year of spending before introducing some austerity measures.'

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