Seven Premiership rugby clubs are balance sheet insolvent, finance report warns

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Rugby Berita

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Ten clubs collectively lost around £30.5m in 2022-23 while overall debt stands at £311m

James Haskell: 'It’s clear that unless drastic change happens our game is heading for a very untenable position in the future.' Photo: David Rogers/Getty ImagesSeven of the 10 English Premiership rugby clubs are balance sheet insolvent, according to an independent financial industry report which has prompted a stark warning that unless the sport embraces change in England it is “heading for a precipice”.

Neither Premiership Rugby nor the English Rugby Football Union were directly involved in the report which runs to 67 pages and ranks among the more comprehensive pieces of work on the state of the modern English club game.IRFU stresses importance of reporting breast pain and injuries among female playersRailway fired by fresh ambition as they look forward to new campaign

“Rugby for me appears to believe that just because we have always done it in a certain way that is the right way, when it’s clear that unless drastic change happens our game is heading for a very untenable position in the future. We say we are professional but in my humble opinion we are far from it and at times resemble the Wild West.”

In terms of debt the report has Bristol topping the list to the tune of £60 million , with the “best” side in that regard being Exeter with net debts of £15 million at the end of 2022-23. It makes the next 18 months, in Haskell’s view, pivotal to the professional club game’s existence.

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