English rugby clubs ‘heading for disaster’ after mounting £300m in debts

[Flankers' paradise]

Gloucester Rugby accounts reveal £3 million drop in turnover

Gloucester Rugby’s latest set of company accounts reveal the club’s cup success during the 2023/24 season was unable to prevent a reduction of more than £3.2 million in turnover.

www.rugbypass.com

Although forecasts contained within the accounts suggest the club will be able to continue trading until June 30, 2026, at least, that is subject to reprofiling debt repayments on Gloucester's COVID loan to the Department of Culture, Media and Sport, securing additional funding – "which the directors are actively seeking" – and "the continued support of the club's sponsorship partners, bankers and shareholders".

As if to prove the point about funding...dreading to see Newcastle's

 

[TRF_Olyy]

Bath Rugby turnover breaks £20m but losses increase

The latest set of company accounts reveal how much Bath Rugby rely on owner Bruce Craig's deep pockets to keep them afloat.

www.rugbypass.com

Bath lost £3.68m last year despite increasing revenue to £20.82m

Castore kit deal looks shocking - going from 600k to 100k

Very lucky to have an owner like Bruce Craig - can tell it's a passion project and he's more than happy to throw money into the pit

 

[The Seeker]

Are there any Premiership clubs actually making a profit?