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Daily Mirror
Daily Mirror
Sport
Mark Jones

6 Championship clubs worried they could go bust without financial bailout

Half a dozen clubs from the Championship say that they fear for their future if no financial bailout for football can be agreed soon.

A survey conducted by Sky Sports has found that six clubs from the second tier are concerned that they might not be able to survive given the financial impact caused by the coronavirus crisis, while eight clubs said they will have to make staff redundant or have already done so.

The survey also garnered responses from 13 League Two clubs, of which 85 per cent said they were concerned about their current financial situation and 92 per cent said the government should do more to get fans back into stadiums.

One of the Championship clubs who responded said: "We can survive in the short and medium term due to player trading and parachute payments but ultimately the club's finances are fundamentally supported by the return of fans.

Eight Championship clubs said they will have to or have already made staff redundant (Getty Images)

"Without that in the medium to long term our business model as a self-financed club no longer works."

Another added: "Our survival is absolutely reliant on a financial support package, there is only so much longer we can continue like this."

The survey comes amid the controversy caused by the 'Project Big Picture' plans put forward by executives from Liverpool and Manchester United, and which has been supported by EFL chairman Rick Parry.

The plan would see EFL clubs receive an initial £250million in the form of a Covid-19 Financial Rescue Fund, saving some clubs from the immediate threat of going bust.

Rick Parry has been both congratulated and criticised for supporting 'Project Big Picture' (Andrew Fosker/BPI/REX/Shutterstock)

There would also be a greater amount of money distributed from the Premier League down to the EFL, with each of the three leagues said to be receiving more than triple what they were before.

While the plan has been backed by the overwhelming majority of EFL chairmen, it hasn't received support from some of the mid-to-lower ranking Premier League clubs, fans or government.

The major sticking point surrounds the amount of power that the bigger clubs could wield should some of the more controversial aspects of the plan come to fruition.

The Premier League are set to discuss the proposals on Wednesday.

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