English Football League chairman Rick Parry has warned that clubs face a £200million financial hole by September. Parry had been called to give evidence to the Digital, Culture, Media and Sport committee on Tuesday about the impact of the coronavirus pandemic on sport, and he highlighted the particular difficulties facing the 71 clubs in his competition.
Asked in a worst-case scenario how many clubs might go out of business, Parry said: "That's a difficult one to answer. "We are heading for a financial hole of about £200m by the end of September, cash hole, that we will need to fill.
Clubs are stacking up creditors as well. "We have a great deal of uncertainty around next season of course, the great undetermined matter being when we're