By Matt Hardy As one Premiership rugby club teeters on the brink of going under and another considers administration, Saracens’ chief executive Lucy Wray has admitted that English rugby’s finances are broken. But Wray has faith in Premiership Rugby and the Rugby Football Union to make the changes needed to ensure no more clubs face the same threats to their future as Worcester Warriors and Wasps. “You can tell that the financial model of rugby doesn’t work and clubs are losing far too much money,” Wray told City A.M. at a launch event for Saracens’ new stand. “There’s obviously an opportunity …