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Football clubs in great financial shape

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Football clubs have never been in better financial shape, according to a study by insolvency experts Begbies Traynor.   Only two clubs show signs of financial distress.   That amounts to three per cent of the total compared with 18 per cent in 2012.

The improved performance is down to the trickle down effect of television money, but also to good housekeeping enforced by the Football League and Her Majesty's Revenue and Customs.

The biggest financial challenge now is the huge gap in funding between the Premier League and the Championship, notwithstanding parachute payments.