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#Post#: 18086--------------------------------------------------
Have Saracens broken salary cap rules?
DIR By: DOK
Date: March 3, 2019, 6:09 pm
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Premiership Rugby are set to investigate
HTML https://www.dailymail.co.uk/sport/rugbyunion/article-6766973/Have-Saracens-broken-salary-cap-rules-Owner-Nigel-Wray-business-four-England-stars.html
#Post#: 18091--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: Monte
Date: March 4, 2019, 1:04 am
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Well done the Mail for finding this.
#Post#: 18092--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: Robertquin
Date: March 4, 2019, 1:39 am
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Here we go again...
#Post#: 18094--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: RodneyRegis
Date: March 4, 2019, 2:10 am
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Some of those sound like potentially more than salary cap
breaches. Those sound a lot like taxable benefits if conferred
to an employee.
#Post#: 18095--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: Bucksquin
Date: March 4, 2019, 2:19 am
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I smell a 'cover-up' in the wind, with Sarries lawyers
threatening legal action against PRL et al ...
#Post#: 18097--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: Blucherquin
Date: March 4, 2019, 2:20 am
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Here we go again indeed -- assume this is what Fissler had got
wind of when he tweeted a couple of weeks back that a club was
under investigation.
Good bit of work by the Mail.
Shall we all watch as the large broom sweeps the whole thing
under the carpet?
#Post#: 18099--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: Mayor West
Date: March 4, 2019, 2:27 am
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I suggested that they might be doing this on another thread.
Seems daft to use your own name for the company but I suppose
you are named as a director anyway.
#Post#: 18101--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: DOK
Date: March 4, 2019, 3:38 am
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As I understand it, it's not difficult to search Companies House
for companies owned by a particular person. I'd have thought
both the players involved and the original directors would have
been better off with "off the shelf" companies and proxy
directors later instead of the real players. So it doesn't look
too hard to find once you start looking with Nigel Wray as
director, but then again maybe he has thousands of companies in
his name.
But in terms of sweeping it under the carpet, someone at the
club told me a while ago they knew how Saracens were getting
round the salary cap. So it may not be a big revelation to the
clubs, but perhaps they can no longer ignore it now it's public.
#Post#: 18104--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: marlowish
Date: March 4, 2019, 3:53 am
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--- Quote from: Bucksquin link ---
>
> I smell a 'cover-up' in the wind, with Sarries lawyers
threatening legal action against PRL et al ...
>
--- End Quote ---
Which is exactly what they did last time and PRL bottled out.
That gave Sarries carte blanche to carry on cheating. I see no
reason that the outcome will be any different from the last
fiasco.
Sadly I am sure that PRL will bottle it again - slap on the
wrist - don't be a naughty little boy - oh and carry on
cheating. Vile club.
#Post#: 18105--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: Quinky
Date: March 4, 2019, 3:55 am
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How to tell if they've breached the cap? Wait outside their
offices and watch for carloads of expensive lawyers arriving...
:)
The sticky issue for me is this: why should two individuals not
start a business venture together? The fact that one owns the
club and the other plays there may look a bit dodgy, but at the
same time that shouldn't preclude them from going into business.
It may well come down to how profits are shared out, whether
funding was put in place by one party and the relevant paperwork
legitimises this, whether the correct tax is paid etc.
It doesn't look good. But that doesn't mean it isn't legit. No
doubt the club have been very careful in how they present this
to the governing body.
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