Professional Footballers' Association chief executive Gordon Taylor has admitted that the debt football finds itself in is ‘something I really worry about’.
Barclays Premier League clubs including Sunderland, Everton and Fulham have all recently released accounts showing losses with Manchester United’s parent company revealing losses of over £100m this week.
"It has been a big concern for us. Football has never had as big an income but ironically it has never had as big a debt, that is something I really worry about,” Taylor told the Press Association.
He continued: "A club like Manchester United is a real flagship club for this country - just like Liverpool - yet they are or were faced with quite massive debts which they have to pay off from any money they bring in now to accommodate when the club was bought.”
Whilst Taylor felt the situation was improving he pointed towards other countries that have much more rigorous financial constraints placed on clubs and owners.
"I look at examples in America and in gridiron they can even sell the franchises of the club but they do not allow the owner to take over a club with more than 20% of the price being leveraged debt.
"I think that is something we need to bring into place in this country.
"Both the Premier League and Football League are having a lot more financial propriety."
Earlier this year UEFA revealed that over half of all professional football clubs were in debt.