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Top 14 in the red as players profit

France's Top 14, the world's richest rugby championship, suffered a record deficit of US$25.5-million last season as player salaries soared.

 

In a recent report, it was found that clubs opted to boost their squads over cutting costs.

 

"Clubs prefer to strengthen their sporting power… to the detriment of reducing their deficits," said a report by the National Rugby League's audit department.

 

The Top 14 accounted for the bulk of a US$35.6-million deficit for all 30 professional clubs in France, which has become an increasing magnet for foreign stars.

 

Average player salaries have increased 12 percent in the past season, according to the report released Monday.

 

Top 14 in the red as players profitAll Black Colin Slade is the latest foreign star to have signed for a French club, along with other pricey stars, such as Dan Carter.

 

Salaries have taken off while revenues grew only 10 percent, mainly through extra television income.

 

Only one Top 14 club is able to fully self-finance its operation, against seven at the end of 2013-14.

 

Three clubs have are "heavily in deficit". The league report did not name the clubs, but the Midi Olympique newspaper said they are Racing Metro, Stade Francais and Castres, where the owners pay for annual losses.

 

Top 14 attendances have also stagnated over the past five seasons, according to the league report. The average attendance last season was 13,538, up from 13,162 the previous season, but still below the peak of 14,032 in 2010-11.

 

Bordeaux is the best supported club, with an average of more than 19,500 at each game.

 

The league named Brive and European champions Toulon as the only clubs that do not have a deficit.

 

Toulouse and Toulon were named as the French clubs with the biggest budget.

 

AFP

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