Football finance guru Kieran Maguire has been commenting on the financial implications of the end of the League One season. Last season clubs in the division were losing £1.9 million a week between them in a pre-Covid economy, he states.
Maguire adds: 'If lower league clubs are to survive post Covid they will need to cut costs. For those clubs who do show details (frustratingly too many are opaque on this) on average 83% of income went on wages in League One. UEFA have a 70% 'red line'.'
Congratulations to my local EFL club Coventry City on winning the League One championship. Hopefully, they can return to the Ricoh.
I can understand the pain felt by clubs who might have won a play off place, not least Sunderland, but congratulations also to Rotherham, a well-run club.
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