While enormous money in football continues to dominate the spotlight, there are many more concerning stories emerging from the opposite end of the financial spectrum. According to recent study, the number of football teams in financial trouble in the English Football League has increased considerably this year. The study was conducted by industry experts at KPMG and estimates that about one in five clubs in the EFL is likely to go bankrupt. The number of clubs in financial difficulty has increased since the beginning of 2016 when 11 out of 92 divisions across England were reported to be facing up to bankruptcy. Since then, another seven have gone into administration and two have been transferred due to them being unable to pay their licensing fees. This brings the total number of clubs in financial distress to 26 out of a possible 92 spots in the English league system. Many reasons can lead to a club being placed in administrative or liquidation proceedings with the most common one being the inability of shareholders to come to an agreement on a sale of the business. In some cases, clubs have become insolvent after spending more than they made. The EFL claims that these cases are extremely rare but it is clear that something needs to be done to prevent more clubs from going under. The current economic climate in England has had an impact on the sport with many owners looking to offload their investments before finding themselves without any source of income.