Modern day Football has ceased to be an ordinary sport- it is a ruthless business. While there is money to be made, clubs, especially the ones that fail to achieve much, live a precarious existence balancing revenue streams and money spent on wages, transfers, etc. We take a look at some of the prominent clubs to teeter on the edge of financial meltdown- some of them fell, some made a victorious comeback, while some are now struggling to survive.
10. Swansea City
Swansea are a club that is today enjoying life amongst the riches of the Premier League. They’ve firmly cemented their place amongst England’s elite, and even managed to win a trophy- the League Cup in 2013. But things were not always so rosy – the club were down and out, at the bottom of the Football League and close to bankruptcy. Their frenetic rise is nothing short of a miracle- in 2001, a group of local people and the newly-formed Swansea City Supporters Trust joined forces to take control of their beloved club from an uncaring owner. Promotion after promotion followed, and the rest is history.