“The Football League may have seen an uptick in revenues in 2022-23, but clubs across the EFL are still battling to manage cash requirements,” said Deloitte’s business sport group’s lead partner Tim Bridge.

“Many clubs are propped up by owner funding as they aspire to win promotion, but exiting the league at the wrong end exposes a club to instability.

“This makes a strategy for long-term stability critical, underpinned by appropriate support provided by the governing bodies.”

Approximately £200m [27%] of Championship revenue came from the five clubs receiving parachute payments after Premier League relegation in the previous three seasons, which were Burnley, Watford, Norwich City, Sheffield United and West Bromwich Albion.

Champions Burnley, runners-up Sheffield United and play-off winners Luton Town secured promotion that season and have all since been relegated back to the Championship, meaning they will begin a new cycle of parachute payments next season.

The EFL as a whole took a total of £1.1bn in 2022-23, with 19.8 million fans attending games across all three leagues for the year.

The EFL fixtures for 2024-25 are due to be released on Wednesday at 09:00 BST.