- James Haskell fears rugby ‘heading for precipice’
- Ten clubs collectively 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”.
Written by Robert Kitson
This news first appeared on https://www.theguardian.com/sport/2024/sep/25/premiership-rugby-union-financial-insolvent-james-haskell under the title “Seven Premiership clubs are balance sheet insolvent, finance report warns”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
