I have said from day 1, the nightmare scenario is losing next season, even when Kopites were flippantly suggesting it. Football will be damaged from writing this season off. We may need to implement 30% wage cuts and pay it back debts over 5 years as a game, but it's salvageable. Losing next season and the game goes bust. Something will certainly re-emerge but youd be doing so from a base of no players, no sponsors (initially) a much lower TV deal etc. Who knows the damage that would be done. I mean, whether football collectively would just be allowed to wipe away debts, who knows?
The playing behind closed doors next season will be brutal too. Tottenham, Liverpool, Arsenal are in huge trouble. United too (but they do at least have cash reserves to burn through) and Chelsea are exposed but not enough. People are skirting around the edges of this, but we are looking at a lot of danger for clubs.