English football on the brink of collapse 94% of clubs are not profitable The 224-page report of the independent body overseeing English football (IFR) revealed the critical financial situation of clubs in the country; so that 109 clubs out of a total of 116 clubs in the first five levels of English football are facing financial losses. The total revenue of these clubs in one season reached about 10 billion euros, but their pre-tax losses exceeded 2 billion euros. The economic situation is also worrying in the English Premier League; The total loss of clubs in this league exceeded one billion euros and the number of teams with an operating profit dropped from 13 to 8 clubs. Also, more than 60% of clubs in the lower divisions of English football have more debt than the value of their assets. According to this report, almost 30% of the clubs do not last even a month without an injection of money from the owners. English football's transfer costs over five seasons, including depreciation in player contracts, came from 1.6 to 3.2 billion euros. This figure was published as English clubs spent around 3.8 billion euros to attract new players in the summer of 2026.