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…

If you are registered and logged in to the site, click on the link below to read the rest of the Mills & Reeve briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Overview

Fountain House
130 Fenchurch Street
London
EC3M 5DJ
UK

Turnover (£m): 79.50
No. of lawyers: 367