Ed Warner: F1 needs to fast track its cost cap procedures October 6, 2022 The headhunter was calling me about a CEO role at a top six Premier League club. He was building his long list of possible candidates. One of the lures was that half the salary would be paid outside the UK in a low tax jurisdiction, ostensibly for services rendered directly to the club’s overseas owners. [...]
Worcester Warriors players say ‘don’t take the P’ as contracts terminated October 5, 2022 Worcester Warriors players whose contracts were yesterday terminated have launched an appeal for the club to be allowed to keep a crucial shareholding in Premiership Rugby that could safeguard its future. “P Shares” are owned by each of the 13 Premiership clubs and afford them annual payouts from a central pot of money as well [...]
Worcester players free agents as paying company would up October 5, 2022 Worcester Warriors players are now free agents after the company which was set up to pay them was liquidated at the High Court this morning. The Premiership club have been battling with financial woes since May – when players first went unpaid – but are now in administration amid a series of owed monies. Players’ [...]
Worcester Warriors: Departures confirmed as club crisis continues October 3, 2022 The crisis gripping Worcester Warriors has begun to bite after the top-flight rugby club had two fixtures cancelled by Premiership Rugby and saw the beginning of a possible player exodus. On Monday morning the financially stricken club were informed that their previously postponed match against Gloucester Rugby and their upcoming game against Harlequins have both [...]
Roc Nation Sport president: ‘Change in rugby needs to happen now’ September 29, 2022 Rugby is at a crossroads between growth and crisis point ahead of next year’s World Cup, according to Michael Yormark, president of Jay-Z’s agency Roc Nation Sports. Amid a series of financial woes threatening the sport – not least in England, where Premiership clubs are fighting for survival – there is a consensus among new [...]
Rugby League World Cup offers London chance to shine September 28, 2022 England legend Martin Offiah has championed the decision to take the Rugby League World Cup to the South for this year’s trio of tournaments. The men’s, women’s and wheelchair competitions are due to take place concurrently in the same country for the first time when they get under way next month, a year later than [...]
Saracens CEO: “Innovation and desire push people to think differently” September 27, 2022 When Saracens earned a last-second victory over Gloucester on Saturday, they did so in front of a semi-full new West Stand at their Stone X Stadium. The north London club have been one of the few looking towards expansion, modernisation and development at a time when domestic rugby in England is struggling to support itself. [...]
Worcester Warriors placed into administration after suspension September 26, 2022 Premiership rugby club Worcester Warriors have been placed into administration by the Department for Digital, Culture, Media and Sport (DCMS) after failing to provide proof of a “credible” financial plan. The financially stricken West Midlands outfit had until 5pm on Monday to provide the sport’s governing body, the Rugby Football Union (RFU), with detailed assurances [...]
Exclusive: Saracens CEO says “financial model of rugby doesn’t work” September 22, 2022 As one Premiership rugby club teeters on the brink of going under and another considers administration, Saracens’ chief executive Lucy Wray has admitted that English rugby’s finances are broken. But Wray has faith in Premiership Rugby and the Rugby Football Union to make the changes needed to ensure no more clubs face the same threats [...]
Worcester Warriors given until Monday to prove they have credible plan September 21, 2022 Troubled Premiership rugby club Worcester Warriors have been given until 5pm on Monday to prove they can operate as a organisation going forward. In a statement released by the Rugby Football Union (RFU), the governing body finally put a hard deadline in place for a club who have been struggling financially in recent weeks. “The [...]