... Will the Club now be forced to sell players to comply with the salary cap? We consider that to impose a deduction of 70 points in one Salary Cap Year is disproportionate and is not required to satisfy the underlying purpose of the relegations. The full fine totals £5,360,272.31.The salary cap now stands at £7m plus two marquee players, with a number of other allowances made for homegrown and English-qualified players. But Premiership Rugby said the shares were only worth £800,000 based on a valuation by a different accountancy firm.Premiership Rugby said Saracens overpaid Itoje's image rights because he was being underpaid in normal salary so the club could come in under the salary cap.Saracens were also found to have breached the salary cap by £319,600.76 with regard to a property bought by a former player Chris Ashton.The report, compiled by Sport Resolutions, a specialist independent dispute service, noted that Ashton paid 80 per cent towards a house worth £1.4m, while Wray and another director paid 20 per cent towards the property.The suggestion was that this was a benefit and equivalent to salary in kind. A: Saracens' squad of around 50 players includes 24 internationals, and 10 who have toured with the Lions.
In 2016/17, Saracens overspent by more than £1.1m, in 2017/18 … No. Premiership Rugby tried to argue that Saracens deliberately underpaid the star England forward Maro Itoje to get round the salary cap, the report into their breaches of the cap reveals.. After a five-day hearing in September and October a panel chaired by the barrister Lord Dyson advised that the club had breached the cap and should be sanctioned.A statement from Premiership Rugby [PRL] on Tuesday read: “The decision of the independent panel is that Saracens Rugby Club failed to disclose payments to players in each of the seasons [2016‑17, 2017-18 and 2018-19]. An appeal will take the case into the new year but if that fails and Saracens seek to challenge the legitimacy of the cap itself the picture would become very complicated.A new and ugly civil war seems certain to break out, just after the private equity firm, CVC, has invested more than £200m into the Premiership. Saracens were found to have breached the salary cap in three consecutive seasons. This is a direct result of our significant investment in the Saracens Academy which nurtures and develops Saracens and England players of the future. “The salary cap regulations were unanimously agreed by all clubs so everyone is aware of their obligations to comply with them and of the potential consequences should they breach them,” said Worcester Warriors in a statement.Steve Diamond, the director of rugby at Sale Sharks, added: “The cap has to be enforced. The accusations were not made public and no action was taken, other than to raise the cap from £2.25m to £4m the next season.In 2015, Saracens and Bath came to a private arrangement with Premiership Rugby for further alleged breaches. But Saracens' defence is understood to have been that Ashton left Saracens shortly after this property was bought, meaning it could not have been a benefit for playing for Saracens.It is understood that Saracens explored the option of appealing the initial ruling in November, which led to a £5.3m fine and deduction of 35 points.It is thought the club did not resist an investigative audit at the end of this season but they did resist a three-year retrospective audit on the grounds that it would be unfair - in the club's view - if the same scrutiny was not applied to every Premiership club.The panel advised against the relegation of Saracens and noted in their decision: "We accept that the breaches were not deliberate, but in our view they were reckless. “The club 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,” Saracens said in a statement.“As previously stated, the club made administrative errors relating to the non-disclosure of some transactions to PRL and for this we apologise.“Furthermore, it is the club’s belief that the panel’s narrow interpretation of the regulations is detrimental to player welfare across the league and is damaging the development of elite level rugby in the UK.”The sanction was supported by other Premiership clubs. There’s no point having a meaningless pittance of a fine or penalty if there has been a serious breach.”The regulations do not allow for the stripping of any of Saracens’ titles nor, the Guardian understands, will Saracens necessarily have to offload any of their current squad, because the breaches relate to investments outside the players’ official salaries.Premiership Rugby stipulates the points deduction can apply only to this season. "Saracens had called for the report to be made public after Premiership Rugby initially said that the club had requested it be kept under wraps.
Lucy Mercey - formerly Lucy Wray - was, until Thursday, a director of Saracens. The season before last, Wasps received a £20,264 fine for an administrative oversight that had resulted in a small overrun.Now Premiership Rugby has imposed a swingeing sanction for the first time. The full fine totals £5,360,272.31. I’ve not read the judgement but if that’s what they deem appropriate, then that’s the way it is. Nigel Wray, the club’s chairman, described the sanction by Premiership Rugby as “absolutely devastating” after an independent panel upheld charges that the club exceeded the cap by more than £2m across the past three seasons.“We will appeal all the findings,” said Wray.
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