Soccer-Cash crunch hits clubs below Premier League – survey (Reuters)

By Keith Weir LONDON, Aug 13 (Reuters) – Clubs at lower levels in English soccer remain concerned about their finances despite record amounts of cash flowing to teams in the elite Premier League, a survey showed on Tuesday. Faced with the need to tighten their belts, clubs are willing to comply with curbs on losses or wages that will apply across all four tiers of the English professional game this season, accountancy firm BDO said in its survey. “The divisions below the Premier League are crying out for a sustainable business model,” said BDO’s Trevor Birch. …

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