Clubs warned over 'financial abyss' of debt crisis
Tuesday 29 January 2013
The former England coach Tony Smith has welcomed a damning report that claims Super League clubs are on the edge of "a financial abyss".
Sports finance specialist Rob Wilson, from Sheffield Hallam University, has revealed that 11 of the 14 top-flight clubs have combined debts of more than £60m. The new season starts on Friday without a main sponsor and in the last six months Bradford and Salford have both teetered on the brink of bankruptcy.
Smith's employers, Warrington, are in rude health but he accepts there are problems in the game. "I think anybody involved in the game and certainly anybody who earns a living out of the game cares about it. It's been my sport all my life and I want it to be the best it can be."
Latest in Sport
New day (slowly) rising – As Brasileirão gets underway, Brazilian football stumbles, rather than leaps into the future
The average Serie A crowd last year was 13,000 - comparable to Australia’s A-League.
by James Young
24 May 2013 04:31 PM
Monaco is a street circuit where driver ability is more important than anywhere else and if we take ...
by Gareth Purnell
24 May 2013 02:00 AM
Three weeks ago as I drove off the Eurostar, I remember thinking what a very long time it was until ...
by Martin Ayres
23 May 2013 05:29 PM
- 1 What, let gays get married? We must be bonkers
- 2 'Something passed underneath us, quite close': Airbus A320 has close encounter with UFO
- 3 Rocky Horror star Tim Curry 'suffers major stroke'
- 4 Lord of the Sings: Sir Christopher Lee, 91, to release heavy metal album
BMF is the UK’s biggest and best loved outdoor fitness classes
Get the latest on The Evening Standard's campaign to get London's children reading.
Win anything from gadgets to five-star holidays on our competitions and offers page.