Twelve of the 13 member clubs of England’s Premiership Rugby have reported losses for the 2017-18 season, with only the current league leader and last year’s runner-up Exeter Chiefs posting a profit, The Guardian reports.
Exeter’s gains of £533,000 were dwarfed by the collective losses of almost £50m by the other 12 clubs – which include relegated London Irish, now playing in the second-tier Championship but which remains a board member of the Premiership. Irish’s relegation led to it losing £10.5m over the course of the season, more than any other club.
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