All Gallagher Premiership rugby clubs, including Bristol Bears, are operating at a loss, with financial experts warning that the sport is reaching a “crisis” point.

The collapse of Worcester Warriors, Wasps, and London Irish highlights the instability, and more clubs could face closure unless the financial model changes.

An analysis by Business Live of Companies House records for the year ending June 30, 2024, shows every club in the Premiership is in the red.

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“A lot of clubs see [the salary cap] as a target rather than a limit and then they overspend,” said Professor Rob Wilson, director of Play It Forward. “Clubs need to start spending less than they earn.”

🔍 Financial Summary of Premiership Clubs (Year Ending June 30, 2024)

🏉 Bath Rugby

Bio: One of England’s oldest and most historic clubs, Bath Rugby was founded in 1865. Based at the Recreation Ground, the club has a strong fan base and a reputation for nurturing top talent.

Operating Company: Bath Rugby Limited

Turnover: £20.8 million

Loss: £3.6 million

🐻 Bristol Bears

Bio: Formerly known as Bristol Rugby, the Bears rebranded in 2018 under billionaire owner Steve Lansdown. Known for their flair and international stars, they play at Ashton Gate Stadium.

Operating Company: Bristol Rugby Club Limited

Turnover: £11.9 million

Loss: £4.8 million

🦁 Gloucester Rugby

Bio: Nicknamed the Cherry and Whites, Gloucester is renowned for its passionate Kingsholm Stadium atmosphere. The club has a strong academy and loyal following.

Operating Company: Gloucester Rugby Limited

Turnover: £14.9 million

Loss: £516,355

🐯 Leicester Tigers

Bio: One of the most decorated clubs in English rugby, Leicester Tigers have a proud history of Premiership and European success. Welford Road remains a fortress for fans.

Operating Company: Leicester Football Club Plc

Turnover: £21 million

Loss: £3.5 million

🦈 Sale Sharks

Bio: The North West’s top-flight rugby presence, Sale Sharks are based in Greater Manchester. The club has seen a resurgence in recent years under the ownership of Simon Orange.

Operating Company: Manchester Sale Rugby Club Limited

Turnover: £9.1 million

Loss: £7 million

CONTINUES ON PAGE TWO

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