RTE report that the Saracens are convinced they have no case to answer in terms of breaching the salary gap. The Premiership Rugby Limited revealed that it is in the process of looking at whether the 2018 Gallagher Champions breached the leagues £7 million cap.
A report in a national newspaper has revealed that the clubs owner Nigel Wray entered into a business arrangement with senior players and England stars, Owen Farrell, Billy Vunipola, Mako Vunipola and Richard Wigglesworth. The article raises the question how benefits from the companies set up and are accounted for, as a result whether the Saracens broke regulations which were aimed at creating a level playing field in the English top flight.
A club spokesperson told Press Association Sport that all information in the story was already declared to Premiership Rugby LTD manager Andy Rodgers, the club source said that the club is confident the group representing the teams in the Gallagher Premiership will opt against launching an investigation. The current regulation mean that the salary cap is £7 million but that clubs can make two big signings that won’t be included in this figure. Credits also do be received due to Saracens players featuring for Eddie Jones’ England. RTE Report that recently the Saracens received £600,000 in credit for this as well as for players that came through the academy.
A statement from the Saracens Rugby club today read “Firstly, we would like to reiterate that the club readily complies with Premiership Rugby salary regulations and information relating to remuneration is declared to the salary cap manager,” a Saracens statement read.
“Although co-investment partnerships between owners and players are not a pre-requisite of the salary regulations, we disclose these transactions to Premiership Rugby and will continue to do so. The statement continued further Currently, 57 per cent of the men’s squad is comprised of home-grown talent – the highest in the Premiership. “These players not only produce results on the pitch, they help entitle the club to £1.2m in credits above the baseline salary cap from the RFU and Premiership Rugby.
It remains to be seen what will happen from this latest revelation