Guernsey Raiders say its financial position is improving, following Jersey Reds closing its doors.
The Raiders say their funding model means they aren't 'wholly dependent' on one single sponsor, which has 'diversified the risk' to their income.
They also have been putting 'significant emphasis' on their marketing communications to ensure the wider Guernsey community is aware of the events and games.
They say that has led to a 'drastic increase' in spectators coming through the gate and spending money at the clubhouse.
Chair Andrea Harris says it's 'extremely sad' to see the Championship winners put in a position where they has to close their doors.
"The amateur club Jersey RFC separated from the professional club the Jersey Reds at the start of the 2022/23 season. For Channel Islands rugby in respect to the Siam Cup there shouldn’t be any impact.
From a Jersey Rugby perspective, this will inevitably have an impact on the sports tourism industry in Jersey and lead to a loss of an income stream."

Guernsey gives £75k for Islands Unlimited inter-islands sailings
Guernsey tax package to raise more States income but protect low earners
Changes to make Guernsey's buses more reliable
Aurigny plane makes emergency landing after leaving Guernsey
New festival part of Guernsey's Seafront Sunday
Guernsey firefighters tackle round-island walk in full kit
No provider awarded subsidy for seasonal inter-island ferry service
Guernsey's key industry 'stable' in a turbulent world