| 11.4°C Dublin

Sullivan: Cash crisis to see collapse of a top-flight club

Former Birmingham City owner David Sullivan believes the state of football finances is "frightening" and that it is "probably odds on" that one Premier League club will collapse this year.

Sullivan sold his stake in the Blues to Hong Kong businessman Carson Yeung last October and has since looked into the finances of 20 clubs with a view to getting back into football.

But his findings have not made for happy reading.

He said: "We've looked at 20 clubs since we've left Birmingham. The state of the finance of football is frightening, that's all I can say.

"Many, many clubs have pre-sold their Premier League income, television money. They've borrowed against one- and two- and three-year's season-ticket money. They've borrowed against everything."

He continued: "I think there's a possibility one (Premier League) club could go. I think, probably, odds-on one club will go.

"There's several Championship sides absolutely on the line at the moment. It's a question of whether they can sell players for sufficient money to stay alive," added Sullivan.

"But there's not a lot of money out there to buy players at the moment.

"Even some of the clubs who you think have got money really haven't got much money to spend on players."


Privacy