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English football finances: Gary Neville says out of contract players

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English football finances: Gary Neville says out of contract players
Gary Neville has warned that there could be a "serious problem brewing" for players in the soccer predict today page coming towards the end of their contracts.

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Neville fears that the financial impact of the coronavirus pandemic is such that players whose current deals finish at the end of June will struggle to find new clubs.

"There is a serious problem brewing in the next few months. Over 1,000 players in the Championship, League One and League Two are out of contract at the end of June and clubs haven't got the money to recycle them back into the soccer tips every day," Neville told Sky Sports News' Football Show.

"It's going to be a shock for the whole of football but it will be the players at the lower end of the game who will suffer the most."

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The EFL and the Professional Footballers' Association announced yesterday a proposal that League One and League Two clubs defer up to 25 percent of player wages in April, with players earning less than £2500 a month still being paid in full.

Championship clubs are expected lớn make individual decisions on wage deferrals.

"In the next few months there will have lớn be player cost reductions. It is an absolute given, " said Neville.

"What the EFL announced yesterday was the right approach."
 
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