Schwarzer fears the worst for a club that, like many others, depend heavily on the income Premier League football provides.
"There is always a big issue when clubs go down about cutting costs, whether players stay or don't stay, sometimes you have to practically rebuild the team.
"It is a very tough League to come back into. There are a lot of good teams in the Championship trying to get back in the Premier League. It's where everyone wants to be and it is not a given for anyone. It doesn't matter who they are, what names they are, it is a real dogfight."
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