[
Link] Wonder whether we’d pass this test under current conditions. “ All 116 regulated clubs must have "appropriate financial resources" in order to achieve a full license and will be required to hold a sufficient amount of cash, considered assets able to be converted almost immediately and not including players. Clubs must also prove they have sufficient resources to meet their financial commitments and withstands stresses such as relegation, withdrawal of owner funding or other income shocks. If the IFR believe clubs are at risk of failing to meet the requirements, they may impose specific conditions to get clubs back on track, including the requirement for clubs to hold a sufficient level of liquidity, reducing expenditure or restructuring debt.”