How sustainable are we??

[Heathen]

This was posted by Neils on the Worcester thread but it deserves it's own discussion page IMHO.

Premiership clubs rack up more than £500MILLION in debt

Not looking good across the board.

Another article has the LI owner offering to give away the club for free.

https://www.dailymail.co.uk/sport/rugbyunion/article-11177209/Premiership-clubs-rack-500MILLION-debt-amid-English-rugby-financial-crisis.html

How on earth are Wasps going to survive?? £112 milion in debt.

[Neils]

I  was trying to hide it!

Having read it again I am left wondering where all the figures came from. Not forgetting that they always quote figures for Wasps that include everything in the complex unlike all the other clubs pure rugby club figures. It IS a very frightening figure though.

[Shugs]

Some obvious questions. Where have the figures come from? Why do we not have £112m of debt showing in any accounts? How much different is this to how it has been - IF it’s correct? There seems to be some real anti Wasps press stuff at the moment - is this just a continuation?

[Chunky24]

Aren't most sports clubs, whatever size of debt, just one main backer pulling out away from serious trouble.

[Neils]

Sport in difficulty  -

https://www.theguardian.com/sport/blog/2022/sep/04/english-rugby-financial-crisis-suggests-premiership-clubs-will-have-to-adapt-worcester

[Vespula Vulgaris]

£112M is absolute rubbish.

Nuff said...

[JF]

Rugby is sustainable as long as there are people who want to pump money into it for little or no return. But once one club goes I fear that there will be a domino effect until we are left with maybe half a dozen clubs, run as franchises centrally by the RFU.

[coddy]

The Guardian reporter suggests that Central Contracts could be on the way as a means of lessening the financial burden on clubs.

This would of course likely impact match attendances as supporters would be less inclined to go to games if the top players are not performing.

[Shugs]

Internationals don’t play much for their clubs anyway what with all the get togethers, training camps, friendlies, tournaments and compulsory rest periods. I think it’s long overdue the clubs were compensated.

[Neils]

Internationals don’t play much for their clubs anyway what with all the get togethers, training camps, friendlies, tournaments and compulsory rest periods. I think it’s long overdue the clubs were compensated.

You forgot the Eddie Injuries.

[Shugs]

How could I forget.

[westwaleswasp]

The Guardian reporter suggests that Central Contracts could be on the way as a means of lessening the financial burden on clubs.

This would of course likely impact match attendances as supporters would be less inclined to go to games if the top players are not performing.

I am not sure that is true. I enjoy depleted games where both sides are hit.
Many of my best memories  are during 6n games. The main issue is being able to see both games. Obviously places like Cov. Welsh exist, with good atmosphere for Wal v England especially,  but sometimes it just does not work with kick off times etc.

[MarleyWasp]

Looks like Sale have found room in their budget for a 5-7 seater plane. According to FlightRadar24 it's made short trips to Shannon, Chichester, Gloucester, Yeovilton and four to London in the past week, often spending less than 30 minutes on the ground.

[RogerE]

Registered in Guernsey.

Wonder if that's where the holding company is registered.

[MarleyWasp]

Done some checking and it's owned by the business of one of the club owners.