So far it's generally been smaller clubs but it's going to start filtering up the leagues, with Derby, Portsmouth, Hull and Stoke likely to be candidates if things don't go exceptionally well for them in the next year.
Portsmouth have already sent out warning signs in the last 2 weeks that things are not all rosy with 2 separate articles (see below).
Thought it would be useful to have a single thread observing these stories as they unfold.
Harry Redknapp has criticised some of his Portsmouth squad for refusing to accept moves away from Fratton Park.
The Pompey chief has accused certain individuals of going through the motions without the ambition of playing first-team football.
Redknapp's blast comes in the wake of the decision to sell Pedro Mendes to Rangers, even though the Portuguese midfielder has been part of his plans.
"I had some opportunities to sell players but they wouldn't go!" declared the Portsmouth boss.
"Pedro was way up my list of players I wanted to sell. The ones who could've been sold suddenly had good opportunities to move to good clubs but didn't want to move.
"They're probably in the comfort zone here and are quite happy not to be in the team but to do their little bit and plod along really.
"For Pedro, it is a move he fancied when it was put to him, Glasgow Rangers, and we had to do it financially so we move on."
Portsmouth, for example, are largely funded by a wealthy foreign owner, but have admitted they cannot invest further in the squad this year. "I did say we intended to bring in three top players but that was before the credit crunch," said their chief executive Peter Storrie. "We cannot keep spending the amount we have spent since the summer of 2007 – in excess of £60 million on players. On top of that you have agents' fees while the wage bill has gone up substantially."
The fact that a good number of football clubs are backed by hugely wealthy individuals does not mean they are immune - recessions tend to hit multi m/billionaires' investment projects as hard, if not harder, than the individuals of less substantial wealth.