Saracens Set To Be Hit With Massive Points Reduction & Huge Fine Following Salary Cap Breach
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Reigning Premiership champions Saracens are set to be hit with a massive 35 point deduction and a fine of £5 million for breaching the salary cap, according to multiple sources.
An investigation has been ongoing for a number of months and they now look set to head into the fourth game of the Gallagher Premiership season on -26 points.
The outcome of the investigation is believed to have been held back until now because of England’s success at the Rugby World Cup, with Premiership Rugby not wanting to affect England’s chances in any way.
However, the judgment has now been confirmed and a statement from Premiership Rugby (PRL) is expected shortly.
UPDATE: Premiership Rugby have released an official statement. Saracens have indeed been docked 35 points and fined a total of £5,360,271.31
Under the Regulations, Saracens have the ability to seek a review of the decision by an arbitration body. The review can only be on the basis that there has been an error of law, the decision is irrational or that there has been some procedural unfairness. In the event that Saracens Rugby Club seeks a review, the sanctions will be suspended pending the outcome of that review.
A Premiership Rugby spokesperson said:
“The Salary Cap is an important mechanism to ensure a level playing field for Premiership Clubs and maintain a competitive, growing and financially sustainable league. Today’s decision by the Independent Panel upholds both the principle of the Salary Cap and the charges brought following an extensive investigation by Premiership Rugby. We are pleased that this process has reached a conclusion and we look forward to another exciting season of Premiership Rugby.”