Lincoln City’s Chief Executive Officer Liam Scully believes the Imps would be one of the last football clubs to go bust if the current situation worsens.
Since March 18, 2020 football fans have not been allowed to watch their teams in person, instead following through EFL livestreams.
Lincoln City resumed competitive football on September 12, 2020 and have played with no spectators in the stadium since, which has commercially cost them in the region of £500,000 which has played apart in their £1.8m COVID-19 related losses.
Scully believes it has now past the point where it is feasible for football clubs to continue to play behind closed doors.
He said: “Every League One and League Two club is living on borrowed cash.
“Some of that has had to be the rescue fund that has been put in place.
“We have arrangements with HMRC to delay payments with them, advancements from the Premier League as part of solidarity payments have helped.
“Ultimately we are living on borrowed cash and that is quite worrying. Lincoln City overall, we anecdotally believe that we would one of the last clubs to go – god forbid if any were to go.”
Nick Procter is a Lincoln City fan and a member of the supporters board said he isn’t “worried about the future of the club completely” but is concerned that five or six other clubs may go bust by the end of the season.
Watch the video below to hear Liam Scully discussing the Imps’ current financial position.