Premier League fears financial meltdown

The Premier League fear a worst-case scenario if football remained suspended for 18 months until a vaccine is widely available.

Financial modelling has revealed all but the richest six clubs would succumb to administration with the majority of English clubs going out of business.

West Ham would need around £300m to stay afloat during an extended 18-month hiatus with no revenue streams.

Other clubs would be the same situation with sky-high players wages guaranteed in cast-iron legal contracts.

If next season is played behind closed doors then the Hammers will lose an additional of £27m of ticket revenue on top of £28m losses last season and at least £40m this season.

If the worst-case scenario does happen, players, their agents and the PFA would need to agree to massive pay cuts and not just deferments.

If cuts could not be agreed we would see the end of Premier League football as we know it.

 

About Sean Whetstone

I am Season Ticket Holder in West stand lower at the London Stadium and before that, I used to stand in the Sir Trevor Brooking Lower Row R seat 159 in the Boleyn Ground and in the Eighties I stood on the terraces of the old South Bank. I am a presenter on the West Ham Podcast called MooreThanJustaPodcast.co.uk. A Blogger on WestHamTillIdie.com a member of the West Ham Supporters Advisory Board (SAB), Founder of a Youtube channel called Mr West Ham Football at http://www.youtube.com/MrWestHamFootball, I am also the associate editor here at Claret and Hugh. Life Long singer of bubbles! Come on you Irons! Follow me at @Westhamfootball on twitter