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#Post#: 18254--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: Yareet
Date: March 5, 2019, 7:17 am
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--- Quote from: Pickled Pelican link ---
>
> If the "investor" puts in £x into the players company, the
player plays out his contract(s), leaves the club, a short while
later the investor walks away from the business, but leaves the
investment in situ.
> Is this a way to give a player money over a long term??
> Does it fall within the cap, it's a separate business
arrangement and the player's left the club??
>
--- End Quote ---
HTML https://d2cx26qpfwuhvu.cloudfront.net/premier/wp-content/uploads/2016/05/03161651/Salary-Cap-Regulations-2018-19.pdf
Ex -players are covered on page 40 as being under the same
regulations (effectively)
#Post#: 18322--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: DOK
Date: March 6, 2019, 6:36 am
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Saracens probed by rival club:
HTML https://www.dailymail.co.uk/sport/sportsnews/article-6774593/Saracens-probed-rival-club-Firm-hired-Premiership-team-investigate-offshore-accounts.html<br
/>Firm hired by Premiership team to investigate offshore
accounts
due to lack of confidence in governing body
#Post#: 18323--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: DOK
Date: March 6, 2019, 6:39 am
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Nice to see the clubs have the same confidence in PRL as the
fans! So now we have PRL, the Salary Cap admin person, the Daily
Mail and an unnamed club and forensic set of accountants all
looking at Saracens salary cap adhesion. Should be interesting
to see how that plays out.
#Post#: 18324--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: Cookie
Date: March 6, 2019, 7:06 am
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Ryan Walkinshaw (Gloucester) posted an interesting thread on
Twitter:
HTML https://mobile.twitter.com/RyanWalkinshaw/status/1103096549599408128<br
/>
#Post#: 18328--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: honkytonk
Date: March 6, 2019, 7:18 am
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Lets just hope we are clean (barring the recent mis hap)
#Post#: 18331--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: Nico Wilson
Date: March 6, 2019, 7:24 am
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And benefits in kind (e.g. subsidised mortgages) are caught and
are deemed to be Salary:
--- Quote ---
>
> (p) any payment or benefit in kind which the Player would not
have received if it were not for his involvement with a Club;
>
--- End Quote ---
See Schedule 1, starting on page 38:
HTML https://d2cx26qpfwuhvu.cloudfront.net/premier/wp-content/uploads/2016/05/03161651/Salary-Cap-Regulations-2018-19.pdf
#Post#: 18333--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: InsertQuinsPunHere
Date: March 6, 2019, 7:32 am
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--- Quote from: Cookie link ---
>
> Ryan Walkinshaw (Gloucester) posted an interesting thread on
Twitter:
HTML https://mobile.twitter.com/RyanWalkinshaw/status/1103096549599408128
>
--- End Quote ---
Yikes... that's eye opening.
#Post#: 18334--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: Cookie
Date: March 6, 2019, 8:14 am
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--- Quote from: InsertQuinsPunHere link ---
>
> Yikes... that's eye opening.
>
--- End Quote ---
Indeed. Can't find the tweet, but he mentioned how many players,
ex-players etc had liked and re-tweeted his thread and said he
wanted an independent auditor (e.g. PWC) to do the
investigation, but was voted down.
#Post#: 18336--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: Quinky
Date: March 6, 2019, 8:22 am
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--- Quote from: Cookie link ---
>
> Indeed. Can't find the tweet, but he mentioned how many
players, ex-players etc had liked and re-tweeted his thread and
said he wanted an independent auditor (e.g. PWC) to do the
investigation, but was voted down.
>
--- End Quote ---
Another interesting point for me is where he says that getting
info from the players is unlikely. I wonder if this would
change, should a player have a falling out with the club or its
owner. Ultimately, the player would not be responsible for their
remuneration, and whether it's all been declared - to PRL or to
the taxman.
The second question would be at what point the club are
responsible for the owner's actions. Hypothetically, the owner
could pay from his own pocket without the club being aware. The
player is still being paid. This is covered under the "related
parties" bit of the rules, I believe.
The comment about financial penalties is correct, assuming that
this is levied on the club and the owner just pumps more money
in. It's a cost/risk balance. Maybe any guilty club should
suffer a reduction in their penalty cap, in line with the amount
of the breach, for a first offence? Overpay by £1m, their cap is
reduced by £1m.
#Post#: 18338--------------------------------------------------
Re: Have Saracens broken salary cap rules?
DIR By: stoquin
Date: March 6, 2019, 8:35 am
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is he still involved in Gloucester I thought he had sold up
several years ago. Not saying he can't have views as a rugby and
Gloucester fan.
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