Accounts Reveal Saracens’ Mounting Debts

In the week that Saracens reached the semi-final stage of the European Cup for the third season in a row Running Rugby has learned that the club now owe as much as £41.6m. The latest set of accounts filed to Companies House show that the club increased its turnover from £9.7m in the year ending 30 June 2013 to £13.5m (a 39 per cent rise) in the year ending 30 June 2014 but still made a loss of almost £5.2m. The number of people employed at Saracens has increased from 122 to 146 in the space of a year and expenditure on wages and salaries has risen from £8.1m to £9.1m. Most of the current debt …