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Premiership clubs already have £500k Saracens windfall - reports
Eleven of twelve Gallagher Premiership clubs are already enjoying the proceeds of Saracens’ salary cap fine – according to reports.
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Saracens were fined £5.4 million for breaches of the salary cap in November, which has now been split between the clubs in what is a welcome windfall – according to the UK Sunday Times.
How the money will be spent is unclear, although it expected the windfall will be absorbed by the clubs, the vast majority of whom have significant debt to service.
Currently, Saracens sit on minus 7 points having been docked 35 league points, and are 18 points behind 11th placed Leicester Tigers.
Premiership Rugby introduced the salary cap in 1999 with the twin aims of ensuring a level playing field and maintaining a competitive, growing and financially sustainable league, ie preventing the clubs from the pitfalls of over-spending.
The cap was increased from £6.5m to £7m ahead of the 2017/18 season and will remain at this level until the end of the 2019/20 season. The ceiling includes dispensation for academy and injured players and effectively raises the possible spend to around £9m.
Saracens are holders of the Champions Cup, having triumphed in Europe in three of the last four years, and have taken the Premiership title for four of the last five seasons.
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Their current relegation battle will be a new experience to most of the squad.
Last week Nigel Wray has retired as chairman of Saracens with immediate effect.
A leading UK rugby pundit has brandished Wasps' signing of ex-@AllBlacks playmaker @LimaSopoaga as a "clumsy mistake".https://t.co/9QT8rIU7yo
— RugbyPass (@RugbyPass) January 6, 2020
Wray said: “As we enter a new year, a new decade, it is time for the club to make a fresh start. I am not getting any younger and feel this is the right moment for me to stand down as chairman and just enjoy being a fan of this incredible rugby club. I will always be committed to the wonderful Saracens family.
“The Wray family will continue to provide the required financial support to the club and I will remain actively engaged in the work of the Saracens Sport Foundation and Saracens High School as part of the Club’s ongoing commitment to our community in north London.”
A new independent chairman will be appointed imminently. Edward Griffiths will take up the role of interim CEO for a 12-month period. Mitesh Velani will assume a consultancy position at the club and remain on the Saracens board.
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– additional reporting PA
Comments on RugbyPass
South Africa rarely play Ireland and France on these tours. Mostly, England, Scotland and Wales. I wonder why
1 Go to commentsIt was a let’s-see-what-you're-made-of type of a game. The Bulls do look good when the opposition allows them to, but Munster shut them down, and they could not find a way through. Jake should be very worried about their chances in the competition.
2 Go to commentsHats off to Fabian for a very impressive journey to date. Is it as ‘uniquely unlikely’ as Rugby Pass suggests, given Anton Segner’s journey at the Blues?
1 Go to commentsSad that this was not confirmed. When administrators talk about expanding the game they evidently don’t include pathways to the top tier of rugby for teams outside of the old boys club. Rugby deserves better, and certainly Georgia does.
1 Go to commentsLions might take him on if they move on Van Rooyen but I doubt he will want to go back, might consider it a step backwards for himself. Sharks would take him on but if Plumtree goes on to win the challenge cup they will keep him on. Also sharks showing some promising signs recently. Stormers and Bulls are stable and Springboks are already filled up. Quality coach though, interesting to see where he ends up
1 Go to commentsAnd the person responsible for creating a culture of accountability is?
2 Go to commentsMore useless words from Ben Smith -Please get another team to write about. SA really dont need your input, it suck anyway.
264 Go to commentsThis disgraceful episode must result in management and coach team sackings. A new manager with worse results than previous and the coaching staff need to coached. Awful massacre led by donkeys.
1 Go to commentsInteresting article with one glaring mistake. This sentence: “And between the top four nations right now, Ireland, France, South Africa, and New Zealand…” should read: And between the top four nations right now, South Africa, Ireland, New Zealand and France…”. Get it right wistful thinkers, its not that hard.
23 Go to commentsHow did Penny get the gig anyway?
2 Go to commentsNice write up Nick and I would have agreed a week ago. However as you would know Cale & co got absolutely monstered by the Blues back row of Sotutu, Ioane and Papaliti and not all of these 3 are guaranteed a start in the Black jumper. He may need to put some kgs before stepping up, Spring tour? After the week end Joe will be a bit more restless. Will need to pick a mobile tough pack for Wales and hope England does the right thing and bashes the ABs. I like your last paragraph but I would bring Swinton, Hannigan into the 6 role and Bobby V to 8
21 Go to commentsThe Crusaders can still get in to the Play Off’s. The imminent return of outstanding captain Scott Barrett and his All Black team mate Codie Taylor will be a big boost.There are others like Tamaiti Williams too. Two home games coming up. Fellow Crusader fans get there and support these guys. I will be.
1 Go to commentsCant get more Wellington than Proctor.
2 Go to commentsWhy not let the media decide. Like how they choose the head coach. Like most of us we entrust the rugby system to choose. A rugby team includes the coaches. It's collective.
13 Go to commentsHi NIck, I have been very impressed with him and he seems a smart player who can see opportunities which Bobby V _(who must be an international 6_) doesn’t see or have the speed to take advantage of. If he continues to improve and puts on 5kgs then he could be a great 8. He is a bit taller than Keiran Reid at 1.93m and 111 kgs, so his skill set fits his body size and who knows where it will lead. I hope the spate of Achilles tendon issues have been dealt with by the S&C people. It’s been a very long time since Mark Loane and Kefu stood out at 8. The question is will we be able to hold onto him, if he does make it he will be pretty hot property. I disagree with the idea of letting them go to the Northern Hemisphere and then bring them back.
21 Go to commentsBilly Fulton 🤣🤣🤣🤣 garrrmon not even close
13 Go to commentsDoes the AI take into account refs? hahaha Seriously why not have two on field refs to avoid bias?
23 Go to commentsVern challenging this Blues side might be the edge they need to fulfill their potential. Convincing results from strong D and strong carries are hard to argue against.
1 Go to commentsLove seems to add a strong back field defense with speed to close the gap and tackle to his ability to attack, kick and pass (an accurate long pass). This sets him an edge over some of the other names - JRK in particular. Has to be said that Jordan and Stevenson have also been exposed defensively while Love has yet to face test match intensity. Spoilt for choice.
1 Go to commentsHe’s strung together a few strong seasons, I’d like to see him in the ABs and build some depth along with Reiko and ALB. Levi Aumua hasn’t taken the step we hoped to see but time yet.
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