![](https://wnewsnet.com/wp-content/uploads/2024/07/new-study-reveals-significant-risk-of-bankruptcy-for-japanese-professional-football-clubs.jpeg)
A new study has revealed that almost two-thirds of football clubs in the top two divisions of Japan's Professional Football League, also known as the J-League, could be at risk of bankruptcy. The work is published in the Journal of Applied Accounting Research.