Fleetwood propped up by owner loans

The precarious nature of lower league football is brought home by the example of Fleetwood Town, reports Kieran Maguire of the PriceofFootball. They lost £6m in 2018/19, have total losses of £15m, paid £128 in wages for every £100 of income and are propped up by owner loans of £17m that realistically can never be repaid.

Things are even worse in the Championship, the 2018/19 accounts show. Total income £796 million but wages £855m. Total operating losses £650m and average weekly wage £16,553.

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The Political Economy of Football V2

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