Seven Premiership clubs are balance sheet insolvent, finance report warns

09/25/2024 01:47 PM

• James Haskell fears rugby 'heading for precipice'
• Ten clubs 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".