This Practice Note is an introductory guide to insolvency in the sports industry, covering football, rugby union, Formula 1 and cricket. It covers regulatory requirements and sporting sanctions, key stakeholders, players, fans, ownership, stadiums, sponsors and suppliers, the football creditors rule, Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE 2006), SI 2006/246, sporting disputes and practical issues for office-holders seeking to rescue or sell an insolvent sports club.Overview of insolvency in the sports industryThe sports sector has experienced a series of high-profile insolvencies affecting clubs across multiple disciplines, including football, rugby and Formula 1. The standout example in football is Sheffield Wednesday, which entered administration in October 2025, triggering an automatic 12-point penalty in the Championship. PREM Rugby in England is now comprised of ten teams only after London Irish, Wasps and Worcester all went out of business during the 2022–23 season. In English cricket, both Middlesex County Cricket Club and Sussex County Cricket Club have been placed under England and Wales Cricket Board special measures