Football insolvency

By Mark Hovell

Not many people shed a tear for the players when a football club goes into administration. Instead, the press always quote how much money the St John’s Ambulance Service loses. The realities are that in any football insolvency the creditors (including the players) lose out and the players involved are usually at the lower-level clubs.

Footballers’ salaries differ wildly — the Professional Footballers’ Association (PFA) published the league table in the Mail on Sunday recently. The average Premier League player earns £22,353 a week, but that drops to £4,059 in the Championship, £1,140 in League One and £747 in League Two — that’s for an average career of just eight years.

Out of the 60 club insolvencies that we have advised on, only one was in the Premier League…

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