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Saracens fined..
Discussion started by Buzzboy , 05 November, 2019 13:53
Saracens fined..
Buzzboy 05 November, 2019 13:53
Saracens to appeal 35-point deduction and £5.36m fine for breaching salary cap rules
1 hour ago From the sectionRugby Union
Saracens celebrate winning the Premiership in 2019
Saracens have won four of the past five Premiership titles
Premiership and European champions Saracens have been deducted 35 points and fined £5.36m for breaching salary cap regulations in three seasons.

The punishment comes after an investigation into business partnerships between chairman Nigel Wray and some of the club's players.

Saracens will appeal and have described the sanctions as "heavy-handed".

A Premiership Rugby statement said both punishments would be suspended if Saracens chose to review the decision.

Official league tables have already been updated to show Sarries bottom of the Premiership with -26 points.

Saracens 'absolutely devastated' by punishment

The charges relate to a failure to disclose player payments in each of the 2016-17, 2017-18 and 2018-19 seasons.

Saracens previously claimed they "readily comply" with salary cap rules and were able to spend above the £7m cap because of the high proportion - almost 60% - of home-grown players in their squad.

The club apologised for "administrative errors relating to the non-disclosure of some transactions" to Premiership Rugby Limited, but added it will "continue to vigorously defend this position especially as PRL precedent already exists whereby co-investments have not been deemed part of salary in the regulations".

In a separate statement, Wray said: "This is absolutely devastating for everyone associated with this amazing group of players, staff, partners and fans.

"It's been acknowledged by the panel that we never deliberately sought to mislead anyone or breach the cap.

"That's why it feels like the rug is being completely pulled out from under our feet. We will appeal all the findings."

During an independent disciplinary panel hearing, Saracens saw their challenge of the validity of the regulations on competition law grounds rejected.

Premiership Rugby introduced their salary cap in 1999 to ensure the financial viability of all clubs and the competition.

The regulations are also designed to control inflationary pressures on clubs' costs and provide a level playing field for clubs and a competitive Premiership.

"The decision upholds both the principle of the salary cap and the charges brought following an extensive investigation," a Premiership spokesperson said.

"We're pleased this process has reached a conclusion."

Re: Saracens fined..
kentwasp1 05 November, 2019 18:15
keep up David

Re: Saracens fined..
Buzzboy 06 November, 2019 06:41
Poor WiFi and 4G meant the earlier threads hadnít loaded on my phone, when I found out the news. If I could have deleted, I would.
Anyway, such mega news, itís worthy of several threads. Not sure anyoneís posted this BBC quote. Am I exonerated?!

Re: Saracens fined..
kentwasp1 06 November, 2019 20:00
of course. Top man


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