94% of English football clubs are running at a loss.

On October 13, 2026, England’s Independent Football Regulator released a draft report on the "State of the Game," according to the specialized sports economics website. The report revealed that while English football generated around £9 billion in revenue during the season under review, 94% of clubs in the top five tiers suffered financial losses.

This report is part of a broader review of English football’s financial and structural health, and its draft version was published to gather stakeholder feedback. As such, its findings should be interpreted within the specific timeframe and context of the clubs examined and should not be applied universally to all clubs worldwide without a full review of the document.

Source: Sky Sports – Draft report "State of the Game", October 13, 2026

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