Friday, 21 May 2021 By Richard Barham
When the coronavirus pandemic hit in Spring 2020, and the remainder of the 2019/20 football season was put on hold, there were widespread predictions of multiple football club insolvencies. In fact, since then, there have been very few (only Wigan Athletic and Bury have entered administration in that time), even though a number of clubs have been making, and continue to incur, significant losses.[1]
There are probably a number of reasons for that:
- The support that has been given by the Government including the furlough scheme which has been used by a number of clubs, principally clubs outside the Premier League but also four clubs in the Premier League.
- Clubs managing their costs more carefully…
Read the full article at: https://www.lawinsport.com/topics/item/how-the-corporate-insolvency-and-governance-act-2020-is-helping-struggling-football-clubs
