Regulator: English football must address finances 'before it is too late'

The chair of the Independent Football Regulator says the English game must "act before it is too late" to tackle the financial dangers facing it. The IFR published its draft 'State of the Game' report on Tuesday which found that while English football generated £9 billion ($11.9bn) in revenue last season, 94% of clubs in the top five divisions were loss-making. Thirty-two clubs could not survive more than 30 days without owner funding, the report found, while 17 would be loss-making even if their players played for free. IFR chair David Kogan said in the report's foreword that English club football was simultaneously the "richest, best and most deeply competitive in the world while also standing on the edge of financial disaster." -  Football Regulator chair will quit if politics interferes with any Man City investigation The report forecasts total debt in English football would ris