FY2024–25 Accounts · The Money Table

The Real Gallagher Premiership Table: Ranked by Money, Not Points

Bath won the league. Leicester have the biggest balance sheet. Newcastle finished bottom on the pitch and still turned a paper profit. This is what the Premiership looks like when you sort by size, not standings.

This table ranks all ten Gallagher Premiership clubs in this dataset by financial size, largest to smallest, using each club's overall "top companies" ranking figure from its FY2024-25 accounts (year ending June 2025). It is not a form guide, and it is not the league table. A club can top this ranking while finishing mid-table on the pitch, and a club fighting for survival financially can still post a healthy turnover figure.

The clearest mismatch here is Newcastle. They finished bottom of the Premiership with just 13 points and were the subject of public financial concern throughout the season, yet they still rank 7th by financial size, ahead of Saracens, Bristol and Sale, and their accounts even show a paper profit (built on a loan write-off, not on winning rugby matches; see their full article for the detail). At the other end, Leicester Tigers, a Premiership runner-up, top the ranking largely on the strength of the healthiest balance sheet in the league, not the biggest turnover.

Look past turnover and the more telling number is net assets. Only four of the ten clubs here, Leicester, Gloucester, Northampton and Saracens, have a positive balance sheet at all. The other six, including the champions, Bath, are trading with negative net assets, kept going by owner funding rather than by the business itself.

How to read this table

All figures are for the financial year ending June 2025 and are rounded for readability: under £5m to the nearest £0.5m, £5m-£50m to the nearest £1m, and so on up the scale, using soft language (around, roughly, close to) rather than presenting them as exact. Where a club's accounts did not disclose a figure, such as Leicester's cash position, it is marked "n/d" for not disclosed rather than estimated. Click any club name to read its full season story.

RankClubTurnoverPBT Cash / BankNet AssetsStaff CostsEmployees
1 Leicester Tigers £21m -£5m n/d +£50m £15m 185
2 Exeter Chiefs £20m -£3m £0.5m -£14m £14m 332
3 Harlequins £29m -£3.5m £1m -£10m £15m 182
4 Bath Rugby £23m -£3m £0.5m -£20m £15m 181
5 Gloucester Rugby £13m -£4.5m under £0.5m +£6m £11m 250
6 Northampton Saints £22m -£1.5m £4m +£14m £13m 239
7 Newcastle Red Bulls £7m +£3.5m under £0.5m -£22m £7m 230
8 Saracens £21m -£9m £1.5m +£6m £16m 201
9 Bristol Bears £11m -£6m under £0.5m -£44m £11m 177
10 Sale Sharks £10m -£8m £1m -£17m £13m 170
TakeawaySorted by money instead of points, the Premiership looks almost nothing like it does in the league table, and the clubs with the healthiest books aren't necessarily the ones lifting silverware.
Spark Intel · Rugby Finance · FY2024-25 accounts from Companies House. Not financial advice.