Beautiful game... ugly finances

Reeling from the shock as some of the oldest clubs in football teeter on the brink, Santhie Goundar investigates the financial fallout

Football will eat itself. Maybe. With the shock administrations of big-name football clubs such as Rangers, Portsmouth, and more recently Port Vale – not to mention smaller clubs such as Darlington, Rushden & Diamonds and Plymouth Argyle – one can be forgiven for wondering if, after more than a decade of the high-income, huge-losses rollercoaster that has sustained the game, the bubble has finally burst.

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