League's 1 and 2, particularly the 1000+ players that are out of contract at the end of June, are ****ed regardless imo. If anybody is interested, Rick Parry's questions from the select committee are available to watch on the link below and it gives you a real insight into the state of the EFL. The focus about money in football is always on the PL but when you look at their 'business', it's a hell of a lot better run than the EFL. Championship wages (forgetting all other expenses) account for 106% of revenue, with losses totally around £320m per season across the League. League 1 & 2 are only marginally better with wages accounting for around 90% of revenue with losses of over £100m across the two leagues. You then look at squad sizes and you'll find League 2 clubs with 30+ senior players! It's utter madness.
Parry speaks about all of these issues and raised the possibility that the EFL may not be able to restart next season if games are to be behind closed doors and as terrible a situation that this is, maybe it's going to be the kick up the arse for the EFL to sort itself out. He mentions the need for a short-term bailout (and that the PL will talk to them about that if they can resume their season) but also his desire to implement a wage cap and make changes to the loan system that will allow EFL clubs to carry smaller squads and then be able to take PL youngsters on short-term deals. One thing is for certain though, each and every player out of contract will at best be facing a big wage cut and the ones at the bottom of League 2 will be looking for new jobs altogether very soon.
https://parliamentlive.tv/Event/Index/0f28f808-e859-4ed1-a17b-e0484cf25b69