Gillingham owner Brad Galinson has issued a warning about the financial crisis in the English Football League (EFL), citing spiraling costs and unsustainable budgets. Galinson, who bought a majority stake in Gillingham in 2022, has provided an interest-free loan of almost £7m to help cover the club's £13m in losses since his takeover. He believes that almost every single club in the EFL is about seven days away from suffering the same fate as Sheffield Wednesday, which was recently relegated to League One. Galinson says that the rapid inflation in player salaries is the main cause of the financial crisis, with many clubs operating on budgets of over £10m. He also believes that the 'Wrexham effect', where investors from all over the world have flocked to buy clubs down the pyramid, has contributed to the crisis. Galinson is calling for a radical redistribution of riches to avoid a predictable Champions League-style system, where the top clubs dominate the league. He believes that this would help to create a more sustainable and competitive league structure. Galinson's comments come as the EFL is facing a financial crisis, with many clubs struggling to make ends meet. The median loss among the 24 clubs in League Two last season was £5.2m, and Galinson believes that this is unsustainable. He is urging the EFL to take action to address the financial crisis and create a more sustainable league structure.