Bristol Bears owner Steve Lansdown admits Premiership clubs are in the midst of a fight for survival as the league faces an increasingly uncertain financial future highlighted by the situations at Worcester Warriors and Wasps.
According to the Daily Mail, the Premiership’s 13 clubs hold a collective debt of £509million, with around £35m owed to HM Revenue & Customs. Wasps’ liabilities stand at a staggering £112.3m, with the stricken club having filed a notice to appoint an administrator and facing automatic relegation as a result, while Worcester have until Monday to prove they have the necessary funds to continue the season.
Worcester’s fixtures are effectively being arranged on a week-to-week basis, as they struggle to meet costs and it seems inevitable that more clubs will soon be in a similar position as the financial impact of the pandemic really takes hold.
