The English Championship has been plagued by major financial problems over the years. Last year, the Premiership was tens of thousands of euros short, leading to the acquisition of Wasps and the disappearance of Worcester Warriors.
The English selection is in a very tough last 6 nations competition with fourth place (behind Ireland, France and Scotland) and a historic defeat against the Blues at Twickenham Cave. In the Champions Cup, with three clubs qualifying for the quarter-finals of the Champions Cup, the English clubs are doing little better – Saracens will play La Rochelle, Leicester will play Leinster and Exeter Stormers will host the South Africans – especially as English rugby is in crisis behind the scenes.
It has been revealed that telegram Based on accounts published by Companies House (comparable to the commercial register in France), the Premiership’s accounts are in the dark: in 2022, the English Championship doubled its losses, reaching 36 million pounds (over 41 million sterling). Euros). The unacceptable situation led to the acquisition of Wasps in particular, and the disappearance of Worcester Warriors, who renamed themselves “Sixways Rugby” and merged with the 4th Division club.
Last fall, some players found themselves without a contract, including Jack Willis, who later made a spectacular comeback at State Toulouse, and recently talked about this particular situation.
And according to The Telegraph, Premier Rugby Limited’s total capital has almost halved, from over £96m (€109m) to £43m (around €49m). On average, English Premiership clubs lose more than €4.5m a year.
London Irish in trouble
In this slump, one worried club: London Irish. Currently fourth in the Premiership, Argentinian hooker Agustin Greavy’s club, or the top 14 and Perpignan skipper Paddy Jackson, are close to reform with a £30m (plus) loan. 34 million euros, i.e. the fourth budget of the Top 14). The only bright spot? Hopes of acquisition from the rich American confederation, though the English confederation had yet to receive anything concrete.
Despite being 4th in the league, London Irish are facing serious financial problems and are waiting to be bought.
The financial situation of English club rugby is worrying across the Channel, especially as the situation could worsen. Indeed, during the Covid era, Premiership clubs benefited from loans provided by the English government through the Department for Culture, Media and Sport (DCMS) to cope with the drop in gross income. Resisting financially during the pandemic, or at least not going bankrupt, now is the time to pay back and that has proven to be a huge difficulty.
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The topic of English club finances is on the table, and the two main sources of funding for the English Championship – the Rugby Football Union, the English Confederation and broadcaster BT Sport – have contracts that will need to be renewed and renegotiated next. year. This weekend, Owen Farrell’s Saracens travel to European champions Stade Roselaise in a bid to qualify for the quarter-finals of the Champions Cup.
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