How do WSL clubs make money?

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...So, if these are 'loans', would the women's side be expected to somehow pay the men's side back?

Dr Christina Philippou - a women's football finance expert - said: "We don't know, but if you look at the men's game, lots of loans from owners get turned into equity or they don't get paid back."

We also don't know where the money from these loans is directed.

"Most clubs don't disclose the information," said Dr Philippou. "Is it a loan to spend on wages? Or for investing in back-office staff? Or for infrastructure?"