Worcester Warriors players and staff are to have their contracts terminated, following part of the club being wound up in the High Court.
HMRC had been pursuing Worcester, who are suspended from all competitions, for unpaid tax of around £6m.
Diamond wrote on Twitter: “This is the darkest day for English rugby. We thought we could turn the tanker around but it’s ended up like the Titanic, sadly.
“The ship has sunk, the captains are nowhere to be seen. The RFU/PRL band played in the back ground. There are a privileged few who have jobs.”
All 13 Premiership Club Owners Ranked By Their Net Worth
Gallagher Premiership owners are growing richer than ever before, but how much are they worth?
There’s currently trouble at Worcester Warriors, which isn’t awfully surprising when you compare their owners wealth to their Premiership rivals
Four clubs have no clear owner:
The full list is made up of data from talkSPORT, The Mirror and The Sun.
Exeter Chiefs: N/A
Club states that it remains owned by 700 members, the shares held by John Lockyer, Bob Staddon, Paul Derbyshire and Ian Pugsley acting as trustees.
Leicester Tigers owner: N/A
Most recent annual return notes a large number of individual shareholders; club states that no person owns 50% or more of the club shares.
Saracens: N/A
No overall controlling party following the purchase of the club from Nigel Wray.
Northampton Saints owner: N/A
No overall controlling party.
Now, take a look through the gallery to reveal the estimated net worth of the Gallagher Premiership’s owners and top shareholders.