\n<\/p>\n
Worcester Warriors, Wasps and London Irish all went bust during the 2022-23 campaign, during which nine of the remaining 10 Premiership teams saw debts of \u00a31m or more. <\/p>\n
Gloucester- whose debt totalled just over \u00a3541,000 – was the closest to breaking even.<\/p>\n
The salary cap is voted on by all Premiership clubs however St Quinton says it should be no higher than the money centrally distributed to the clubs each season.<\/p>\n
A new Professional Game Partnership was announced in September, in agreement with the Rugby Football Union (RFU) and Premiership Rugby, that sees all clubs receive \u00a333m per season<\/a> over the next eight years.<\/p>\n “The cap should not be no higher than the levels of central distributions that we get,” St Quinton said.<\/p>\n “If our central distributions went up because our media rights went up and our sponsorships went up then the salary cap could go up. <\/p>\n “We are all living beyond our means which is why the annual losses of all 10 clubs is over \u00a330m which is madness. The whole club game, the model is flawed.” <\/p>\n<\/div>\n