Seven Premiership clubs are balance sheet insolvent, finance report wa…


https://i.guim.co.uk/img/media/eb8eb2b36e0ad8587c00e367a066124b6a54004f/0_366_8256_4954/master/8256.jpg?width=460&quality=85&auto=format&fit=max&s=5865687d54cef5cd2bc29095eebbf51d

  • James Haskell fears rugby ‘heading for precipice’
  • Ten clubs lost around £30.5m in 2022-23

Seven of the 10 English Premiership clubs are balance sheet insolvent, according to an independent financial industry report which has prompted a stark warning that unless the sport embraces change it is “heading for a precipice” .

A comprehensive study analysing the financial sustainability of all the Premiership sides, unveiled by the leading UK corporate recovery and insolvency firm Leonard Curtis, concluded that only three clubs – Leicester, Northampton and Gloucester – would be viable without the backing of wealthy owners and said they must face “some harsh realities”.

Continue reading…



Source link

Leave a Comment