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Message: <blockquote data-quote="Vieux Talonneur" data-source="post: 1223457" data-attributes="member: 73144">I've just read that in 23/4 just 5 Top 14 and 3 D2 clubs made a profit. And this is held up as the gold standard.The domestic pro game is a financial mess and I think some cold, hard reality is starting to kick in. More pain to come I fear and I doubt rearranging the deck chairs will cut it. Also don't forget that PE houses like CVC tend to have fairly short term horizons - they'll exit at the time to suit them, no-one else, whether that's banking a profit or cutting losses.And on the loans, just to symbolise the Gordian Knot we're in, the Permanent Secretary at the DCMS is married to a guy who's a Director of Premiership Rugby and a Managing Partner at CVC. All properly declared etc, but you couldn't make it up.</blockquote>