Richard Masters warns ‘very real threat’ of clubs going bustKnight says league must ‘stop defending the indefensible’The chief executive of the
Premier League, Richard Masters, has defended the furloughing of staff, claiming clubs have been acting with “restraint” as he warned of a “very real threat” of some top-flight sides going bust because of the coronavirus crisis.
In a striking letter to the select committee of the department for culture, media and sport, Masters describes losses at an “unprecedented level” across top-division English football, potentially of more than £1bn, and an uncertain future for the game as a whole. “Not only is our industry facing losses now,” he writes, “we must base our plans on full recovery being some distance away.”