Stoke City’s nine-point deduction will undoubtedly result in their relegation—a major declaration was made.
Following reports of massive pre-tax losses of £88 million, the Potters may be the next Championship team to be forced to sell their stadium in order to comply with financial regulations.
The club is under pressure to think about their options in order to limit more losses, as they could face penalties for violating the EFL’s Profitability & Sustainability rules next year.
In an effort to comply with the regulations, Derby, Sheffield Wednesday, Reading, and Birmingham may decide to sell or lease their stadium, the bet365 Stadium.
The Coates family owns Stoke, who were demoted from the Premier League in 2018, and they have given their managers a lot of support in an attempt to return to the top division.
Championship clubs have been permitted to report losses of £39 million over a three-year period due to the effects of COVID-19 and the lack of supporters at the turnstiles since March of last year.
Pre-tax losses of £88 million are shown in the accounts that were made public on Thursday. Turnover decreased to £49.8 million, while operational costs rose to £141.4 million.
Stoke reported accounting losses of £30 million during the 2017–18 relegation season and £15.5 million during the 2018–19 season, when Nathan Jones took over for Gary Rowett.
Their consolidated records for 2019–20, which saw the beginning of the pandemic and a decline in parachute payments, currently show losses of £88 million.
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