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Regulator's State of the Game Report: 94% of English Clubs Loss-Making, 60%+ of EFL and National League 'Technically Insolvent'

The Independent Football Regulator's draft State of the Game report finds 94 per cent of English clubs loss-making, more than 60 per cent of EFL and National League clubs technically insolvent, and 68 per cent with no contingency plan if owner funding stops — with a six-point plan and a warning that the IFR will not hesitate to use its powers.