TheLocalYokel
Honorary Member Of Forums4airports
- Jan 14, 2009
- 15,711
- 343
- IMPORTANT!! To reduce spam, we request that you make a post soon after completing your registration. We request you keep your account active by posting regularly. Inactive accounts risk being deleted.
- Yes
- Admin
- #1
Following an enquiry by the independent Sports Resolutions Disputes service Saracens have been fined over £5 million and deducted 35 points for breaches of salary cap regulations. They say they will appeal the decision.
Part of the judgement revolved around the club's chairman providing money to partner some players in investment opportunities which the chairman maintains is not salary and thus outside the scope of the salary cap.
The alleged breaches go back over a number of seasons and the CEO of Exeter Chiefs says that Saracens should be relegated. Exeter lost the Premiership title to Saracens in June.
In football some club owners have circumnavigated football's financial fair play (FFP) regulations by buying the club's stadium and then leasing it back to the club thus increasing the club's turnover which is directly related to the permitted level of money that they can spend. Other club owners who say their clubs have played by the rules want action taken and there has been talk of legal action.
If Saracens lose their appeal they will do exceptionally well to escape relegation anyway having seen 35 points taken from them.
Part of the judgement revolved around the club's chairman providing money to partner some players in investment opportunities which the chairman maintains is not salary and thus outside the scope of the salary cap.
The alleged breaches go back over a number of seasons and the CEO of Exeter Chiefs says that Saracens should be relegated. Exeter lost the Premiership title to Saracens in June.
In football some club owners have circumnavigated football's financial fair play (FFP) regulations by buying the club's stadium and then leasing it back to the club thus increasing the club's turnover which is directly related to the permitted level of money that they can spend. Other club owners who say their clubs have played by the rules want action taken and there has been talk of legal action.
If Saracens lose their appeal they will do exceptionally well to escape relegation anyway having seen 35 points taken from them.