"Crisis" - Two more Prem Rugby teams are in deep in financial trouble
Rugby NewsFriday, 25 July 2025 at 15:09
All Gallagher Premiership rugby clubs, including Bristol Bears, are operating at a loss, with financial experts warning that the sport is reaching a “crisis” point.
The collapse of Worcester Warriors, Wasps, and London Irish highlights the instability, and more clubs could face closure unless the financial model changes.
An of Companies House records for the year ending June 30, 2024, shows .
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“A lot of clubs see [the salary cap] as a target rather than a limit and then they overspend,” said Professor Rob Wilson, director of Play It Forward. “Clubs need to start spending less than they earn.”
? Financial Summary of Premiership Clubs (Year Ending June 30, 2024)
? Bath Rugby
Bio: One of England’s oldest and most historic clubs, Bath Rugby was founded in 1865. Based at the Recreation Ground, the club has a strong fan base and a reputation for nurturing top talent.
- Operating Company: Bath Rugby Limited
- Turnover: £20.8 million
- Loss: £3.6 million
? Bristol Bears
Bio: Formerly known as Bristol Rugby, the Bears rebranded in 2018 under billionaire owner Steve Lansdown. Known for their flair and international stars, they play at Ashton Gate Stadium.
- Operating Company: Bristol Rugby Club Limited
- Turnover: £11.9 million
- Loss: £4.8 million
? Gloucester Rugby
Bio: Nicknamed the Cherry and Whites, Gloucester is renowned for its passionate Kingsholm Stadium atmosphere. The club has a strong academy and loyal following.
- Operating Company: Gloucester Rugby Limited
- Turnover: £14.9 million
- Loss: £516,355
? Leicester Tigers
Bio: One of the most decorated clubs in English rugby, Leicester Tigers have a proud history of Premiership and European success. Welford Road remains a fortress for fans.
- Operating Company: Leicester Football Club Plc
- Turnover: £21 million
- Loss: £3.5 million
? Sale Sharks
Bio: The North West’s top-flight rugby presence, Sale Sharks are based in Greater Manchester. The club has seen a resurgence in recent years under the ownership of Simon Orange.
- Operating Company: Manchester Sale Rugby Club Limited
- Turnover: £9.1 million
- Loss: £7 million
?️ Saracens
Bio: A modern powerhouse of English rugby, Saracens boast multiple Premiership and European titles. Based in North London, they’re known for their elite player development and dominance.
- Operating Company: Saracens Limited
- Turnover: £22.7 million
- Loss: £7.5 million
? Northampton Saints
Bio: Based at Franklin’s Gardens, Saints are a consistent Premiership contender with a strong history and an academy that produces England internationals.
- Operating Company: Northampton Saints Plc
- Turnover: £21.9 million
- Loss: £826,024
? Harlequins
Bio: One of London’s most recognisable clubs, Harlequins play at The Stoop and are known for their attacking style. The club has a rich tradition and strong commercial backing.
- Operating Company: Harlequin Football Club Limited
- Turnover: £29.3 million
- Loss: £1.86 million
⛰️ Exeter Chiefs
Bio: A relatively new force in Premiership rugby, Exeter rose through the ranks to become champions in 2017 and 2020. Sandy Park is a growing venue with a strong local following.
- Operating Company: Exeter Rugby Club Limited
- Turnover: £21.6 million
- Loss: £876,112
? Newcastle Falcons
Bio: The North East’s only Premiership club, Newcastle Falcons have a proud tradition of producing international players. However, they continue to face financial and performance struggles.
- Operating Company: Newcastle Rugby Limited
- Turnover (2023): £11.2 million
- Loss (2023): £2.3 million
- Note: 2024 accounts are overdue.
❌ Clubs No Longer in the League
- Worcester Warriors (dissolved)
- Wasps (dissolved)
- London Irish (dissolved)
? Expert Insight
Professor Wilson suggests:
- Lowering the effective salary cap
- Improving digital engagement with younger fans
- Temporarily “closing” the league to focus on 10 sustainable clubs
“There is a crisis with three teams going out of business. I think they should close off the league for a while and focus on the top 10 clubs. It wouldn’t be a popular decision but it would be a sensible one.”
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