Premiership rugby clubs who “have been teetering on the edge” are set to come under further scrutiny by the government over the repayments of their £124m Covid bailout loans.
A report by the National Audit Office details how the Department for Culture, Media and Sport (DCMS) awarded 26% of its £474m loans to Premiership clubs, including £41.6m to Worcester, Wasps and London Irish, who have all since gone bust. According to the report, they are three of nine borrowers who in total received £46.1m and their collective demises mean that the DCMS does not expect to recover up to £29m in loans awarded.
