Four EFL Clubs In Danger Of Going Out Of Business, Report Says

A study by financial experts said that four English Football League clubs are "in danger of going out of business," according to Phil Shepka of the BBC. According to the report by financial services firm Begbies Traynor, three unnamed clubs in League One and one in League Two are in "financial distress." Despite rising from two last season, the overall number of these clubs is "down from the high of 13" in the '11-12 campaign, when the survey began. The authors of the report believed the threat of troubled clubs had been "all but eliminated" because of improved attendance, more TV money and measures such as Financial Fair Play. But Begbies Traynor is now "urging financially struggling clubs to reduce wage bills or improve their share of TV cash, or risk going under" (BBC, 4/12).