All clubs in the Gallagher Premiership have been facing a concerning period, as highlighted by the Press Association News Agency‘s recent report.
An investigation conducted earlier this season revealed the dire financial crisis engulfing English rugby, with Premiership clubs accumulating debts exceeding £500 million.
Furthermore, a thorough analysis of the clubs’ latest financial accounts unveiled that Premiership clubs collectively owed more than £36 million in taxes, with only two out of the 13 clubs having a positive balance with the HMRC.
Outlined below is an examination of the current situation of five clubs, and the findings are deeply concerning.
#1. LONDON IRISH – TEETERING
PA wrote: “Burdened by debts of around £30million and with an owner desperate to sell in Mick Crossan, London Irish are shaping up to become the next club to be removed from the Premiership.
All staff must be paid on Wednesday for the month of May for the Irish to be granted a deadline extension for their proposed takeover by an American consortium. “
