Debts pushing game towards cliff-edge

  1. Home
  2. Latest News

BRENTFORD, ENGLAND - MARCH 19: A fan of London Irish waves an Irish flag during the Premiership Rugby Cup match between London Irish and Exeter Chiefs at Gtech Community Stadium on March 19, 2023 in Brentford, England. (Photo by Alex Davidson/Getty Images)

The measure of how much rugby union in England depends on the international game was laid bare this week.
It arrived in the form of an independent report – not under the aegis of either the RFU or Premiership Rugby – which confirmed that seven of the remaining 10 Premiership clubs have insolvent balance sheets.
Put simply, it means that those clubs do not have enough assets to pay all their debts due to their negative net worth.
This situation is no revelation, because before the collapse of three Premiership clubs in late 2022 – Wasps, Worcester and London Irish – there were reports that th...

Continue reading...

Access all our premium content from as little as 14p per day!

Already a subscriber to our website? Login

Exit mobile version