Charlie Methven says 47 of the EFL’s 72 clubs are currently up for sale.
Many are carrying significant ongoing losses, yet there are now more sellers than buyers and some clubs cannot be sold at any price.
For years, football relied on what Methven calls the “bigger idiot theory”: the belief that another wealthy owner would always arrive and absorb the losses.
He argues that cycle is now breaking down, leaving some clubs facing the threat of administration.
What happens when the buyers stop coming?
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