Salary Cap Investigations

Discussion in 'Premiership Rugby / Premiership Cup' started by TRF_Olyy, Mar 4, 2019.

  1. TRF_Olyy

    TRF_Olyy English Arrogance

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  3. Which Tyler

    Which Tyler Senior Member

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    Ahem

    "In 2014, Sportsmail revealed that PRL had launched an inquiry into Saracens and Bath following allegations raised by a whistleblower.

    PRL never confirmed the names of the clubs involved, but every side except Saracens, Bath and Leicester publicly denied their set-up was being investigated.

    Later, it appeared as though only Saracens had been in the spotlight. The probe lasted nearly a year and came to an end when an out-of-court settlement was reached."
     
  4. curtbob7

    curtbob7 Senior Member

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    About bloody time. Been going on for over a decade, anyone who still thinks Sarries are operating within the cap and on a level playing field with the rest of the Premiership is off their T*ts.

    Its not just them though. I know when Manu had one of his contracts renewed at Tigers he had a house brought for him in some kinda back-handed way. Same with Sale and these Saffas getting penthouses in Manc.

    Chuck in Wasps dodgy finances with Exeter getting by off their inflated sponsorship deals with the owners company and it doesn't make for good reading does it.

    I think it was all just get brushed under the carpet and kept to a minimum again. Can see why English clubs do it though with what's going on in France.
     
  5. RedruthRFC

    RedruthRFC Senior Member

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    I can highly recommend the podcast that Egg Chasers recently did on the salary cap and possible ways around it. IIRC they mentioned the possibility of setting up businesses with players as a way of giving them value without the exchange of anything that would count against the salary cap. Re: other sides being under scrutiny, I think they said that the salary cap is policed by a peer review, so it's safe to say that all clubs' accounts are well monitored.
     
  6. scotty507

    scotty507 Senior Member

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    This is interesting that companies are set up shortly after contract signings, but is this making them money on the side

    or is it when you retire you will have a mint in property if you stay with sarries. Technically no money will have changed hands this way.
     
  7. TRF_Olyy

    TRF_Olyy English Arrogance

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    Seems like it could be a loophole for money changing hands
    Investment company set up by player and owner
    Owner pumps money in to buy shares,
    Dividends/sales pay out to to player
     
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  8. Lourens

    Lourens Senior Member

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    Would they get in trouble for that if it's a real loophole?
     
  9. bushytop

    bushytop Senior Member

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    They should just take their money and invest in Wales regions... no salary cap :D
     
  10. TRF_Olyy

    TRF_Olyy English Arrogance

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  11. The Alpha Bro

    The Alpha Bro Fat Boi

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    Are there no rules against paying players through shadow companies or agents of the club/owner? Or is it just the enforcers of the rule are turning a blind eye?
     
  12. TRF_Olyy

    TRF_Olyy English Arrogance

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    There are rules, but as walkinshaw says in the tweet thread above, it's very hard to prove.
    Unless the player or club admitted it it's gonna go unnoticed if it's payments via random unrelated businesses
     
  13. The Alpha Bro

    The Alpha Bro Fat Boi

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    I thought so, one of the tweets in the thread threw me a little. Having rules like that and not employing PWC or a firm of the same ilk to be an independent investigator is more or less not having the rules at all, it has the same effect as asking nicely not to break the cap, absolutely mental system!
     
  14. Tigs Man

    Tigs Man Senior Member

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    A lot of the cap loopholes got closed last season.
    Hence why some squads went even smaller.
     
  15. TRF_Olyy

    TRF_Olyy English Arrogance

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    https://www.bbc.co.uk/sport/rugby-union/47889182

    Sarries under further investigation for not declaring these business deals between the owner and the players,

    Biggest news from that article is that Quins breached the cap last year, though!
    They kept that one quiet!
     
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