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Even though English football has long been known as the richest club game in the world, this week the financial sheath was revealed showing that there is not as much as thought from the top Premier League, let alone the others.

It is expected that soon Sven Goran Eiksson will stop associating with the Nott’s football club.  The prospect comes in combination with news that Portsmouth may be falling into administration, and that there will be another takeover, which is thought to be only the first step towards the point when many clubs will start to collapse.

Of course, there is more to the rumours with Sir Alex Ferguson forced to deny last week that Manchester United is a financial crisis since deciding at the last moment not to sign Adem Ljajic for nine million pounds.  This is thought to be the result of the clubs debt to the Glazer family that totals up to about £70m.

Even with Ferguson’s claims, it will be hard to believe him until the money from the £80m sale of Ronaldo is actually spent by United.

United is not the only club in possibly in trouble, with Liverpool manager Rafa Benitez stating that the new priority of the club is to pay off their debt, which totals up to £300m.  In order to raise the money it is possible that Fernando Torres could be sold although Benitez has threatened to resign if this were to happen.

Even the most budget conscious clubs are worried as clubs such as the successful Everton announcing that it calculated it will have substantial losses at the end of the season.

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