Source: Statutory Accounts, Companies House

In 2021/22, Bristol Bears maintained the highest liabilities at £59.70 million, while Newcastle Falcons, Leicester Tigers and Harlequins all exceeded £37 million in total liabilities. The liability levels remained elevated from pandemic-era borrowing, with repayment timelines extended to allow revenue recovery. Most clubs faced multi-year debt servicing obligations from the 2020/21 emergency financing measures.