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Saracens debt is cause for concern

ARE the financial models being used by Wasps, Saracens, Bath etc. Sustainable in the long term?
The Saracens accounts were formally posted to Companies House last Friday, but with no Press release – which is not surprising given the results (£48m level of indebtedness and a £3m loss in the year which, unless I am mistaken, beats their previous record set in 2015 of the greatest indebted club in rugby history!).
There is a lot of chat on the various club fans’ forums as to whether the ‘traditional’ clubs (Leicester, Saints etc) who do not have sugar daddys...

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