Bill Sweeney, the Rugby Football Union chief executive, says the current model in English rugby is “broken” and clubs have been “living beyond their means” for too long.
The financial governance of the sport is under growing scrutiny in the wake of the crisis at Worcester and Wasps.
Worcester have been relegated and suspended while Wasps are set to follow them into administration in “days”.
Sweeney pledged to establish a new foundation and “sort the game out”.
With the Premiership already…
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