April 8 2019 - Premiership clubs lost nearly £50m between them in the financial year to April with only Exeter Chiefs recording a profit.
The losses of every club were greater than the year before, when Exeter were also the only ones in the black: the Chiefs increased their turnover by more than £3m and recorded a profit of £533,000.
The then champions, Saracens, lost nearly £4m, although £48m in loans to the parent company by their owner, Nigel Wray, had been turned into equity and taken off the balance sheet.
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