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MIKE KEEGAN: The majority of clubs in
English football are 'living on the edge of financial disaster'‚ a bombshell investigation has found. The Independent Football
Regulator's long-awaited State of the Game report demands 'urgent reform' while delivering the troubling revelation that an incredible 94 per cent of clubs are loss-making‚ with two-thirds of those in the
EFL and National League effectively trading while insolvent. A desperate push to keep up with rivals in a world of spiralling player wages has been identified‚ which has created 'a dangerous cocktail of rising debt and over-reliance on owner funding' which 'leaves clubs and their fans at risk'.