What to know

• English football's finances are "dangerously exposed, with the majority of clubs living on the edge of financial disaster", a new report says.S1S4
• Widening losses and rising debts leave most of country’s clubs in perilous position despite Premier League’s richesS2
• The independent football regulator said its ‘State of the Game’ report should serve as a ‘wake-up call’ for English football and found the majority of clubs are operating on lossesS3