Premier League clubs are hurtling towards bankruptcy due to chronic overspending, according to a new report by financial analysts Vysyble.
The report also claims the long-term implications of those losses could be a breakaway by the league's biggest clubs and the creation of a European Super League.
Titled 'We're so Rich it's Unbelievable', the document is based on the accounts of all Premier League clubs between 2008/09 and 2015/16, the last season for which data is available.
Based on the principle of 'economic profit' - the difference between revenue and costs, including the so-called 'opportunity of cost' of not doing something else with your money - the report claims Premier League clubs lost £2billion in eight years.