Former England soccer League chairman Brian Mawhinney that English soccer clubs must be prepared for salary capping. The 60-year-old, who was succeeded after seven years by businessman Greg Clarke on Friday, believes that the current financial model at league clubs outside of the Premier League is not sustainable.

"The business model of professional football in this country doesn't work, it's broke and you see that reflected in the administrations and all the rest of it," Mawhinney said. "I have some clubs in the Football League who are paying up to 85 percent of their income in wages. I don't care how great you are, you may be the best business entrepreneur the country has ever come up with but you cannot run a sustainable business with that sort of model."