- Premiership clubs facing combined losses of £70m
- ‘I would swap all our wins to have fans in the Ricoh Arena’
Stephen Vaughan has warned Premiership clubs will have to make drastic cuts in a struggle for survival unless the government agrees to a compensation proposal. The proposal is being drawn up by English rugby’s elite who are facing the prospect of no matchday income until March and a combined loss of £70m.
Vaughan, the Wasps group chief executive, said that without financial assistance, following the decision to put the return of fans to sports grounds on hold indefinitely, his club would lose £500,000 a month and that all options would have to be on the table, including further wage cuts, to avoid closure.
