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Graun has articles pretty much daily, but here's an overview:
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It’s not that complicated. They’re all spending more that they’re getting, with most reliant on sugar daddy owners to put their hands in their pockets, and then Covid took out a couple of seasons of gate receipts and other revenue as the icing on the cake.
kl’s Graun article is better than my explanation.
Thought it’d be Worcester first
Poor guys had to field coaches and a retired player on the bench to make up their subs numbers tonight