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Premier League money worries

Clubs that took out pay day type loans secured on broadcasting revenue are particularly vulnerable to a loss of television money. A number of clubs have some kind of borrowing arrangement based on expected TV income which requires them to pay back sums running into tens of millions of pounds. They include Bournemouth, Everton, Leicester City. West Ham United and Wolves.

The Premier League has been paid all the money owed to it for this season both domestically and internationally. The real worry is about money that would normally arrive in June which is typically half of a club's domestic TV income. Payments from overseas rights holders are even more likely to be delayed.

Meanwhile Premier League executives, club owners and players have got involved in a blame game about how to absorb the losses incurred from the suspension of fixtures. There is little trust between them.

The concerns facing Premier League clubs are less acute than those in the lower leagues. Lost match day income in the Premier League could be offset by a ten per cut in wages, but it is far more important in the EFL.

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