Relegation now more daunting - chairman
Football League chairman Keith Harris has warned that relegated Premiership clubs face going out of business as a result of the drop in TV revenue outside the top flight.
With the League’s bid for compensation from Carlton and Granada over the failed ITV Digital deal now seemingly dead and buried, Division One clubs must face up to a huge cash shortfall.
And a drop in revenue from £3m (€4.75m) per season to around £900,000 (€1.4m) will hit clubs used to raking in the Premiership riches.
“Leaving the Premiership was a hell of a drop financially before this. Now it will be even greater,” Harris told The Sun.
“Some clubs will go to the wall. They will certainly go into administration.
“Bradford is a great example. Two years ago they were in the Premiership and boy, have they suffered. Barnsley have done likewise.
“Clubs who come down bring with them the costs associated with a higher income. They are faced with much lower income and Division One is hard to get out of.
“It may not always be brilliant but the competition is fierce. One of 10 or 12 clubs can win the title, unlike the Premiership’s ’pick one from three’. It’s more of a lottery.
“Very few who come down go back up. Ipswich went up and did well initially. Now they are back down again.”
