Football Business: EFL ‘horror story’, 15 clubs do not want to finish the season due to cash crunch claims a report

The Covid19 impact is not sparing anyone. The sporting world is one of the hardest hit sector with most of the leagues, sporting properties, fans literally praying for the live action to start. But if reports are to be believed, there is one sporting league, where most of the clubs are praying that league does not start and season gets called off.
We are talking about English Football League (EFL), a league competition featuring professional association football clubs from England and Wales.
Sun Sport from UK has reported that EFL is facing an economic ‘horror story’.
According to the report quoting former England international GARY Neville,  claimed that 15 hard-up clubs —  three in League One and 12 in League Two —  do not want to finish the season due to cash problems. That figure is rising as many owners fear they cannot pay wages if the campaign restarts in June.

Football Horror Story

Neville, co-owner of League Two Salford, says hundreds of players could end up out of a job. The Manchester United legend said: “There is a horror story coming for many clubs if there aren’t reductions in costs.

“Over 1,000 players in the Championship and Leagues One and Two are out of contract in ten weeks. “In League One and Two, 50 per cent of players are out of the contract. “That’s scary and clubs have not got the money to recycle them back into the game next season. “Clubs aren’t going to sign players and offer deals they did before. “We’re not talking about £200k-a-week players — that’s the one per cent of players in the world. “We’re talking   players on modest wages who’d face a real problem if their income stopped in June.”

Neville, who took over Salford with some of his fellow Class of 92 pals in 2014, believes many players will quit in the aftermath of coronavirus.

What is English Football League (EFL) Competition ? 

The English Football League (EFL) is a league competition featuring professional association football clubs from England and Wales. Founded in 1888 as the Football League, the league is the oldest such competition in world football. It was the top-level football league in England from its foundation until 1992, when the top 22 clubs split away to form the Premier League