- 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”.
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