Source: Statutory Accounts, Companies House

In 2017/18, Newcastle Falcons led liabilities at £31.52 million, followed by Bristol Bears at £29.99 million and Bath Rugby at £25.64 million. Most clubs maintained liabilities substantially exceeding their asset bases, demonstrating the ongoing need for owner investment to sustain operations. Saracens reduced liabilities to £9.10 million, suggesting debt restructuring or repayment during this period.