Rising number of Premier League clubs reliant on owners' cash

29 August 2019

Everton owner
Photo: Getty Images Farhad Moshiri, owner of Everton, has repeatedly injected cash into the club since taking ownership. That is of great importance to Everton as the club in 2017/18 reported a stunning operating loss of £98 million.

Bury are just the first of many clubs that could go bust.

The financial health of football clubs across England is worsening - even in the Premier League.

Latest BDO Annual Survey of Football Club Finance Directors finds an increase in the number of clubs that are dependent on shareholders.

English football has plunged into shock after the expulsion of Bury from the EFL after 125 years, with Bolton just saved at the finish line - but the financial health of Premier League clubs is also worsening, with an increasing number reliant on shareholders' cash.

Despite a TV deal worth £9 billion over the next three years, an authoritative report by accountancy firm BDO revealed that seven Premier League finance directors admitted their clubs were reliant on their owners' money - up from four clubs last year.

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