Wasps Fined For Breaking Premiership Salary Cap
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Over the limit.
Premiership Rugby have today confirmed that following the completion of the independent audit of salary spend for the 2016-17 Season, it was established that Wasps had overrun their limit by £40,528.
In accordance with the regulations, at this level of excess the club will pay 50p per £1, meaning they will pay a fine totalling £20,264.
“This is not a breach of the Regulations and there is no suggestion it was deliberate,” said a Premiership Rugby spokesman.
“A number of adjustments were identified by the independent auditors which resulted in the overrun. These have now been addressed.”
You can find more details on the Premiership Rugby Salary Cap and to view the Salary Cap Regulations at www.premiershiprugby.com/salarycap