I think my previous comments were fair!
Quite possibly. I wasn't talking about your posts specifically.
I think my previous comments were fair!
Saracens to appeal 35-point deduction and £5.36m fine for breaching salary cap rules.
https://www.bbc.co.uk/sport/rugby-union/50300756
That's one hell of a punishment!
Saracens to appeal 35-point deduction and £5.36m fine for breaching salary cap rules.
https://www.bbc.co.uk/sport/rugby-union/50300756
That's one hell of a punishment!
For every £1 exceeding the £350,000 Overrun threshold a fine of £3 is payable by the Club for the Salary Cap Year being considered by the Disciplinary Panel (in addition to any Overrun tax payable).
The rules say the following:
There are some extra calculations around the rate of fine within the overrun threshold, but roughly speaking them indicates that Sarries over spend by ~ £600k each season over the past three seasons, which is less than 10% over the cap amount. Looking at it this way doesn't seem such a gross oversight, but it is an oversight. However, it seems to be a bit messy regarding the rules around co-investment, and whether they should be included when considering the salary cap.
What is co-investment? and how does it work? never heard of it until the other day, but then I'm not that up to date with rugby finances.
As an example, would it be like hiring Haskell as a personal trainer while he played Wasps?
What typically happens is that the players would start a 'property investment' company, and the club's owners would 'invest' in it. So the players end up with control of a company that owns property. Basically the club was buying homes in London for it's players (which as you can imagine, is a pretty enticing incentive), and claiming it wasn't part of their salary spend.
I hadn’t realised the Saracens thing was still rumbling on. Looks like they are highly likely to get relegated.
https://www.bbc.co.uk/sport/rugby-union/51149035
To be honest I see this as an example of Rugby Union being willing to face its problems and punish them.