Over the 21 years since its inception the Premiership has attracted good crowds but player wages are eating up revenue
The new Premiership season kicks off at Ashton Gate on Friday night when promoted Bristol meet Bath. The clubs are run by the two richest men involved in the game, whose combined wealth is more than £2bn, but 21 years on from the tournament’s launch clubs remain mired in debt and the game is still a licence for backers to lose money.
Cumulative losses for 2017-18 are expected to be £35m for the 12 clubs, an average of almost £3m each. Northampton were the first to announce their results last Friday: having posted a profit in the first 16 years of the century, they recorded a deficit for the second year in a row, hitting the league average of £2.9m.
Written by Paul Rees
This news first appeared on https://www.theguardian.com/sport/2018/aug/28/premiership-clubs-finances-sustainability under the title “‘The market is very difficult’ : Premiership clubs battling for sustainability | Paul Rees”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
