Saracens Respond To Salary Cap Investigation With Strong Statement
Latest posts by Jason Hennessy (see all)
- The Symbiotic Relationship Between Rugby and Gambling - November 26, 2020
- Exciting Ireland Team Named For Autumn Nations Cup Clash With Georgia On Sunday - November 26, 2020
- Wales Team Named For Autumn Nations Cup Clash With England - November 26, 2020
Premiership Rugby are investigating reports that question whether the Saracens owner’s business interests with several of their senior England players comply with salary cap rules.
The investigation see if the reigning Premiership champions have broken salary cap regulations was came as a result of a four-month investigation by Sportsmail.
“We take all information relating to the Salary Cap Framework very seriously,” a Premiership Rugby spokesperson told Sky Sports News.
“We have received all the relevant information and will consider it in detail to determine if any action needs to be taken.
“Premiership Rugby has a duty to all clubs to deliver the system in a transparent, objective and non-discriminatory manner. Each season all of our clubs are subject to a detailed independent audit of all player salaries and benefits to ensure they are fully declared and comply with the salary cap framework set by our board.”
“We can’t comment on the specifics of the original story but will look closely at any information provided. Any decision on follow up action would be taken with the assistance of independent bodies in accordance with the regulations.”
But the club have come out with a strongly worded statement to explain how they manage to meet the Premiership Rugby salary cap
“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. Although co-investment partnerships between owners and players are not a prerequisite of the salary regulations, we disclose these transactions to Premiership Rugby and will continue to do so.
“Currently, 57% 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. This is a direct result of our significant investment in the Saracens Academy which nurtures and develops Saracens and England players of the future.
“A professional playing career in rugby can be short. We have a responsibility to help our players fulfil their potential, not just on the pitch but off it too. It is why our Academy incorporates an education programme that actively prepares players for life beyond the sport. We are encouraged that many of our senior players are exploring business opportunities away from rugby.”