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
Chelsea vs Tottenham: Eden Hazard exclusive interview - All is rosy in the garden of Eden
Arsenal vs Monaco: Theo Walcott 'involved in spat' with fans after Champions League defeat
It's time to stop the 'small club' jibes after Chelsea signed £200m Yokohama deal
After record-breaking £5.136bn Premier League TV deal, why are Everton the only British club to win in Europe?
Robbie Savage avoids driving ban - because he would get 'accosted' too much if he had to use public transport
- 1 Forget 'The Dress': Here are five of the biggest news stories you might have missed
- 2 The black and blue dress: Makers considering a white and gold version
- 3 PornHub turns masturbation into energy in bid to save the planet
- 4 The remarkable archaeological underwater discovery that could open up a new chapter in the study of European and British prehistory
- 5 MH370: 'Putin ordered plane to be flown to Kazakhstan space port,' conspiracy theory claims
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
This is what it's like to be dead, according to a guy who died for a bit
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East