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English Football Faces £3 Billion Loss, Warns Collapse Ahead

4/5/2026

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Summary

Story summary

Championship clubs in England have lost £3 billion over the past decade, with only three clubs profiting in 2024-25.
Stoke City's profit was largely due to a £90 million loan waiver.
Portsmouth chairman Michael Eisner warned of a potential collapse in football, saying no club can survive long-term in this system.
He argued the financial instability could leave only the Premier League enduring if trends continue.

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Story summary

Championship clubs in England have lost £3 billion over the past decade, with only three clubs profiting in 2024-25.
Stoke City's profit was largely due to a £90 million loan waiver.
Portsmouth chairman Michael Eisner warned of a potential collapse in football, saying no club can survive long-term in this system.
He argued the financial instability could leave only the Premier League enduring if trends continue.