A leading Premiership club and a raft of top First Division clubs have consulted with insolvency firms with a view to applying for a period of voluntary administration as football's financial crisis begins to bite. It has emerged that one leading Premiership side are negotiating with PricewaterhouseCoopers and Kroll Buchler Phillips to prepare for a period of administration because they have run out of cash. And another four leading First Division teams, including newly-relegated Leicester City, have also consulted with accountants specialising in corporate rescues in a bid to sort out their dire cashflow problems. Leicester have admitted that the Football League's decision to force them to take back Dennis Wise on wages of £35,000 a week could drive them to financial ruin. The three other clubs are among the biggest and most prominent in the First Division. I'm not sure I believe this is us. With Newvastle, Liverpool and Man Utd still in talks about buying new players I highly doubt it is them either. We are the most likely of the top 6 teams to be in trouble, but I'm hoping it may be one of the midtable teams like Villa or Boro.