sport news Sale owner Simon Orange reveals owners must put in £300MILLION just to keep ... trends now
Sale Sharks owner Simon Orange jokes, ‘It’s probably the least painful loss I’ll make in rugby!’ as he reveals the bill for a team trip down to Twickenham and then on to Marbella after the Premiership final.
‘We might have to shove three in a room to keep the cost down,’ he adds, having just spent half an hour discussing the dire state of rugby finances.
Orange bought Sale Sharks in 2016, pumping millions of pounds into the club he loves, but moments like this make it all worthwhile.
‘For Sale Sharks, this is a moment to celebrate,’ says Orange. ‘Everyone will come down to Twickenham and then we’ll head to Marbella on Sunday and hope that nobody gets arrested or jumps off a ferry!
‘Win or lose, we’re making a big go of this. It feels like a reward for the last six years but, more importantly, I hope it’s a platform to become one of the top teams. We want to fly the flag, along with Newcastle, for the North. Our stadium was rocking for the semi-final and we need more of that to become somewhat sustainable. Because, along with everyone else, we’re not sustainable at the moment.’
Sale owner Simon Orange has pumped millions of pounds into the club since buying it in 2016
Orange will also spend £250,000 on a team trip to Twickenham and then Marbella
Sustainability is the magic word; a land that feels a million miles away for those trying to balance the books. Sale have invested heavily to drive up attendances at the AJ Bell Stadium but Orange acknowledges there is still a huge amount to do. ‘Rugby finances are in a terrible state because we’re losing so much money between us. A report done for the owners forecasts we will have to put £300million into the game over the next five years to keep it alive.
‘One sensible argument would be to cut our cloth and make the game financially sustainable but that would mean halving the salary cap and a number of clubs don’t want to do that.
‘It’s not going to happen. The salary cap is going back up as agreed when it was reduced to help get us through Covid. At the moment we spend nearly £7million, give or take, and if we reduced the cap we’ll possibly lose quality because players may go abroad, so we’re voluntarily losing money to try to keep the top-quality league we’re enjoying. We’re going to have to take a few more years of financial