The accounts of Premier League clubs for the 2022-23 season have been published and they do well to explain the current situation that Leicester, Nottingham Forest and Everton find themselves in.
Both Everton and Forest were found to have breached the Premier League's profitability and sustainability rules, resulting in a six point and for point deduction respectively.
Leicester, who were relegated last season, are facing a similar fate though are hopeful of delaying this until next term.
And the financial troubles of all three become easier to understand by taking a look at their wages to turnover ratio for the previous year.