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Why Premier League finances are in a dire state with teams at risk of going BUST

The House Of Cards atop English football could collapse as financial lifeboats threaten to desert Premier League clubs during the coronavirus pandemic.

That is the stark warning from experts, one of whom compared the crisis to the financial crash, when the US housing market sleepwalked into ruin because it was considered too secure to fail.

Now Premier League sides are accused of relying on TV money in the belief it would never come under threat. 'Well, guess what? Here we are,' one expert said.

There is a dire financial situation across the Premier League, with serious risk to clubs
The coronavirus crisis could render clubs at risk of going bust due to perilous finances
Premier League chief Richard Masters warned the division could lose u00a31bn due to coronavirus

Premier League chief Richard Masters has warned the division could lose £1billion due to the pandemic.