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Salary cap breaches revealed
Posted by: Saracens23 (IP Logged)
Date: 22 January, 2020 22:10

[www.skysports.com]

From sky sports.

Re: Salary cap breaches revealed
Posted by: derbyshire fan (IP Logged)
Date: 22 January, 2020 22:20

Well well well!

Re: Salary cap breaches revealed
Posted by: mfc (IP Logged)
Date: 22 January, 2020 22:34

Unreal, if this is the extent of the cheating its an embarrassment. Some people need to take a long hard look in the mirror

Re: Salary cap breaches revealed
Posted by: Paulr58 (IP Logged)
Date: 22 January, 2020 22:34

So it is just all co investments. Therefore if their are no more co-investments we are in compliance with the salary cap.

Re: Salary cap breaches revealed
Posted by: OhMaroItoje (IP Logged)
Date: 22 January, 2020 22:37

But but we are 2 million per season over the cap! Unbelievable. Every single club needs to come out and say they want to be investigated with the same amount of detail...



Edited 1 time(s). Last edit at 22/01/2020 22:42 by OhMaroItoje.

Re: Salary cap breaches revealed
Posted by: derbyshire fan (IP Logged)
Date: 22 January, 2020 22:40

I suspect the 2m figure is entirely made up by the media

Re: Salary cap breaches revealed
Posted by: Paulr58 (IP Logged)
Date: 22 January, 2020 22:46

The 2m was over three years if you read whats been put out and 800k of that is a disputed value of shares bought in itoje's image right company. Which were valued by PWC the leading share company. This valuation was disputed by anther company used by the prl, very thin evidence.

Re: Salary cap breaches revealed
Posted by: OhMaroItoje (IP Logged)
Date: 22 January, 2020 22:50

Quote:
Paulr58
The 2m was over three years if you read whats been put out and 800k of that is a disputed value of shares bought in itoje's image right company. Which were valued by PWC the leading share company. This valuation was disputed by anther company used by the prl, very thin evidence.

Yeh. I was just saying how weve been rumoured to have been 2 million over this season alone which clearly is an absolute lie!

Re: Salary cap breaches revealed
Posted by: Sorry Sarrie (IP Logged)
Date: 22 January, 2020 22:51

What stood out for me was the PRL saying that relegation was a disproportionate penalty.



My wife and I are on the verge of splitting up because of my obsession with rugby.
I've decided to give it one last try......

Re: Salary cap breaches revealed
Posted by: carlyleuk (IP Logged)
Date: 22 January, 2020 22:55

Well the sky report from the PRL judgement makes me feel happy again.

The Daily Telegraph report makes me feel happy again. [www.telegraph.co.uk]

The Rugby union weekly- Saracens special made me feel happy again. [www.bbc.co.uk]

Thank you for releasing this.

I am now pleased that we are in the Champions league, we don't have the stench of those hypocritical club owners from the premiership.

I would prefer to be in the Pro-15 (used to be called 14!)

Re: Salary cap breaches revealed
Posted by: BlackheathSarrie (IP Logged)
Date: 22 January, 2020 23:08

Quote:
Paulr58
800k of that is a disputed value of shares bought in itoje's image right company. Which were valued by PWC the leading share company. This valuation was disputed by anther company used by the prl, very thin evidence.
PWC are also the salary cap auditors so you might have thought they were exactly the right company to get a value from.

Quote:
Sorry Sarrie
What stood out for me was the PRL saying that relegation was a disproportionate penalty.
Just for clarity it was Lord Dysons panel which said that. PRL in contrast have made a point of seeing the club relegated.

Right now I think that information casts a different light on a number of things but I'll wait to see the full report or whatever we're shown in case there is information missing out which paints things in a much worse light.

Lets be clear though. We were over cap on matters that should have been run by the SCM if Wrays really felt there was nothing to hide so I don't think we should be broadcasting too much righteous indignation.



Edited 1 time(s). Last edit at 22/01/2020 23:22 by BlackheathSarrie.

Re: Salary cap breaches revealed
Posted by: Primavesi2 (IP Logged)
Date: 22 January, 2020 23:24

We are not in the clear (clearly broke the rules) and we certainly should not be coming across as smug in any way but this does show just how much speculation was taken as fact over the last few weeks, much of which appears not to be true.

Did we cheat the cap? Yes.
Was it on an industrial scale as many (including me to be honest) believed? It appears not.

Its early days but a quick glance at twitter suggests that the wider public opinion is starting to shift. Interesting to see how it pans out over the next few days.

Re: Salary cap breaches revealed
Posted by: siNBin (IP Logged)
Date: 22 January, 2020 23:28

Sky's summary just raises more questions for me. The distracting one is, when did we change our name?

"Sarecens: Full details of payments which breached Premiership salary cap revealed"

Does the typo undermine the synopsis provided?

I need to read the original words to get a real feeling of what Lord Dyson's conclusion actually is.

Re: Salary cap breaches revealed
Posted by: Marlow Nick (IP Logged)
Date: 23 January, 2020 06:32

Maro: I want more salary
Nigel: what about if I bought shares in your image rights company
Maro: OK but I want 1.6m for 30%
All the dragons: I'm out
Nigel: sounds like a fair market price that doesn't need to be discussed with PRL or double checked in the market place. I'm in

RECKLESS is being very generous

Re: Salary cap breaches revealed
Posted by: DoubleChampions (IP Logged)
Date: 23 January, 2020 07:37

Quote:
OhMaroItoje
Quote:
Paulr58
The 2m was over three years if you read whats been put out and 800k of that is a disputed value of shares bought in itoje's image right company. Which were valued by PWC the leading share company. This valuation was disputed by anther company used by the prl, very thin evidence.

Yeh. I was just saying how weve been rumoured to have been 2 million over this season alone which clearly is an absolute lie!

+1



+1

Re: Salary cap breaches revealed
Posted by: DoubleChampions (IP Logged)
Date: 23 January, 2020 07:54

Quote:
BlackheathSarrie
Quote:
Paulr58
800k of that is a disputed value of shares bought in itoje's image right company. Which were valued by PWC the leading share company. This valuation was disputed by anther company used by the prl, very thin evidence.
PWC are also the salary cap auditors so you might have thought they were exactly the right company to get a value from.

Quote:
Sorry Sarrie
What stood out for me was the PRL saying that relegation was a disproportionate penalty.
Just for clarity it was Lord Dysons panel which said that. PRL in contrast have made a point of seeing the club relegated.

Right now I think that information casts a different light on a number of things but I'll wait to see the full report or whatever we're shown in case there is information missing out which paints things in a much worse light.

Lets be clear though. We were over cap on matters that should have been run by the SCM if Wrays really felt there was nothing to hide so I don't think we should be broadcasting too much righteous indignation.

+1

Re: Salary cap breaches revealed
Posted by: Adey (IP Logged)
Date: 23 January, 2020 08:06

You lot are hilarious.

I wont be happy until I see the report.

One summarised article of the report:

Is that it? We only cheated for 3 years to the sum of 2m, not 2m a season. Its a witch hunt.

Re: Salary cap breaches revealed
Posted by: DoubleChampions (IP Logged)
Date: 23 January, 2020 08:09

Quote:
Adey
You lot are hilarious.
I wont be happy until I see the report.

One summarised article of the report:

Is that it? We only cheated for 3 years to the sum of 2m, not 2m a season. Its a witch hunt.

Not a witch hunt with regard to the reports findings Adey. 35 points and a hefty fine. But the relegation and continued hounding - yes a witch hunt.



+1

Re: Salary cap breaches revealed
Posted by: myleftboot (IP Logged)
Date: 23 January, 2020 08:11

Haha, well put Adey. I would guess its an outpouring of relief, in a way. We will now (presumably, once published,) know the truth, and its not as bad as the worst case the Daily Hate whipped up a frenzy for

Re: Salary cap breaches revealed
Posted by: Adey (IP Logged)
Date: 23 January, 2020 08:25

Cheating is still cheating. If Nigel Wray and his cronies didnt know if they were allowed to do it or not, dont do it.

Should have been automatic relegation. -35 points for each season to run at the same time from the championship and a fine.

Doesnt matter about handing the trophies back or not. Theyre meaningless after the cheating.

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