Former FA chief warns of ‘financial maelstrom’ in EFL

Former FA chief warns of ‘financial maelstrom’ in EFL

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Former FA chief executive Mark Palios says the financial impact of the pandemic on English Football League clubs could be greater than £200m.

Earlier in May, EFL chairman Rick Parry said clubs would face a “£200m hole” by September.

“There is a real financial maelstrom coming towards the league at this point in time, Palios, who is chairman of League One Tranmere, told Sky.

“I think what you’ll see is a lot of clubs will stumble down the road to insolvency.”

Palios also called for more talks between the EFL and the Professional Footballers’ Association and a relaxation of rules to lessen the effects of the pandemic.

The Premier League hopes to resume matches in June but in the EFL, League Two has already been curtailed. There is no agreement on how to proceed in League One, but Championship clubs are getting ready to restart.

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