Stoke City are considering selling their stadium to ensure that they don’t breach the EFL’s financial rules.
With the Potters gearing up for another year outside the Premier League, it’s no secret that they are facing up to some significant financial issues, which was evident by the fact they have recently recorded pre-tax losses of £88m.
Therefore, like many other clubs at this level, the club could be hit with punishments moving forward, so they will do all they can to try and limit the losses.
And, the Telegraph have revealed that selling the stadium is one serious option that the owners are considering.
If that happens, they would not be the first Championship club to take such action, with Sheffield Wednesday, Reading and Birmingham just three of the others who have used this method previously.
That’s not to say that selling the stadium will solve Stoke’s issues, but it will at least allow them to bring funds in for a one-off occasion.
Boss Michael O’Neill is already aware that he won’t be backed with any sort of serious funds this summer in the market.
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This is not the news that Stoke City fans would’ve wanted to hear, because selling your stadium is obviously a very risky move for the long-term future of the club.
Despite that, it is clear the Coates family have the best interest of the club at heart, so they do differ to other clubs who have been hit financially in the past because of unreliable owners.
Nevertheless, this is a very tough period for Stoke City and some difficult decisions need to be made in the years to come.
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