Only Exeter in the black as Premiership Rugby racks up £50m in losses

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• Twelve of the 13 clubs record increased deficits
• Chiefs banked a profit of £533,000 in year to June 2018

Premiership clubs lost nearly £50m between them in the last financial year with only the leaders, Exeter, recording a profit. Worcester, who came under new ownership earlier in the season, are not included as they are late in filing their accounts with Companies House.

The list includes London Irish, the Championship leaders, who are part of the 13-strong Premiership Rugby. The relegated Exiles lost £10.52m in the year to June 2018, more than any other club. Wasps, whose £32.8m turnover was more than £10m greater than the next highest (Harlequins), lost £9.7m while promoted Bristol lost £7.2m.

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Written by Paul Rees
This news first appeared on https://www.theguardian.com/sport/2019/apr/08/exeter-in-the-black-premiership-rugby-losses-year-to-june-2018 under the title “Only Exeter in the black as Premiership Rugby racks up £50m in losses”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.