Seven UK professional football clubs were issued winding up petitions in 2023 the highest figure since 2020 as financial pressures intensify*, says leading national accountancy group UHY Hacker Young.
Football clubs that have been issued winding up petitions in the past year include Coventry City, Southend United and Taunton Town.
Among the financial pressures football clubs face are high interest rates, which have made debt more expensive for football clubs.
Many professional football clubs built up large debts during the pandemic as a result of curtailed ticket sales. Some clubs have been unable to repay their creditors or meet their tax obligations with HMRC.
Football clubs have also been struggling with spiralling inflation, part…
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