The EFL has set up a working group to consider changes to its financial rules amid continuing concerns over the long-term sustainability of several members of the Football League. The EFL introduced new profit and sustainability rules in 2016-17 but major problems have continued to affect a number of clubs. However, new analysis conducted by accountants Deloitte and football finance group Vysyble which showed Championship clubs continue to run heavy losses. According to the analysis, published by the BBC, Championship clubs ran up pre-tax losses totalling a record £307million in 2017-18. The EFL added that is has “demonstrated that appropriate action will be taken in accordance with our regulations when breaches are identified”.

Source: Express December 12, 2019 13:18 UTC