Current Page: 1 of 4
Wow!!!
Posted by: AJWarriors (IP Logged)
Date: 16 January, 2020 21:03

Looks grim for Sarries

[www.rugbypass.com]

Re: Wow!!!
Posted by: The Mailman (IP Logged)
Date: 16 January, 2020 21:44

Haven’t commented for ages but feel the need to say ‘wow’ too. Sounds thoroughly deserved if true.

Re: Wow!!!
Posted by: Faithful_City (IP Logged)
Date: 16 January, 2020 21:45

Bl00dy Hell!

Brave of Premier rugby to do that, if they do it of course.

JP

Re: Wow!!!
Posted by: centrethere (IP Logged)
Date: 16 January, 2020 21:52

just a bit of it
16 January, 7:43pm - from i - 'Tonight Saracens stand on the brink of automatic relegation from the Premiership after apparently failing in their bid to bring the club under the salary cap.
Meetings were held this week between the Premiership clubs, and while discussions are theoretically ongoing, RugbyPass understands that Saracens are now resigned to being relegated automatically.
Saracens players are being called to an official meeting tomorrow, where club officials will brief them on the discussions.
Rumours circulating English rugby tonight are that an unprecedented move that would see the champions relegated directly to the Championship, regardless of their total league points tally at the end of the current season, is the most likely outcome.'

And the other article (on the other thread) says he is selling-up over 50% of his shares and will have no link to Saracens.

Whilst we went through the ownership issue with the Allens for about 18 months, this is on a larger scale as automatic relegation would mean a massive loss of income and hence less willingness of a big investor to come straight in.

Re: Wow!!!
Posted by: centrethere (IP Logged)
Date: 16 January, 2020 22:06

[inews.co.uk]

of course, the question is which came first - Wray jumping and Premier Rugby deciding they have the bottle to relegate Saracens
or/
Saracens admitting they are not going to get within the cap and Wray shutting up shop

Re: Wow!!!
Posted by: w4rriorz1980 (IP Logged)
Date: 16 January, 2020 22:09

Would ours & others results against them this season now be null & void? Would be great to have the 5 points awarded to us!



Eats,Shoots And Leaves

Re: Wow!!!
Posted by: Faithful_City (IP Logged)
Date: 16 January, 2020 22:09

Having read it all again I do not believe the will be relegated.

They will be informed that they have until the audit in June to get their total salary spend for the season below the agreed salary cap.

So, close the academy, release immediately all the players they don’t want to retain, get as many players as possible to take a salary reduction and they can still do it.

Premier Rugby will have to be seen to be fair and not vindictive.

JP

Re: Wow!!!
Posted by: AJWarriors (IP Logged)
Date: 16 January, 2020 22:16

2 things...do they need to be fair to Sarries? They haven’t been fair to anyone else for a number of years. Whatever the ruling is I don’t think anyone would see it as being vindictive at all. It’s only fair that they get the chip in my opinion. Happens in every other sport. I think so far they’ve got away with murder and why should they?

The second one is why should the players take a reduction. It’s not their fault and highly likely they’ll refuse it. Goodey said the other day himself and a few others at Brive were asked to take a reduction in pay for different reasons to Sarries and they all refused

Re: Wow!!!
Posted by: Faithful_City (IP Logged)
Date: 16 January, 2020 22:30

If they don’t they would be out of a job and other clubs would not pay what they are earning so no matter what a salary drop is on the cards.

So, do you take for a new club or do you save your own club?

JP

Nigel Wray courts investors and resigns as club director
Posted by: Faithful_City (IP Logged)
Date: 16 January, 2020 19:41

Well that's going to cause a problem for England and the Premiership. Full article below

Quote:
The I

[img]https://inews.co.uk/images-i.jpimedia.uk/imagefetch/[inews.co.uk][/img]



Exclusive: Wray cuts all formal ties with Premiership and European champions as fallout from salary cap breach continues


By David Parsley and Hugh Godwin
Thursday, 16th January 2020, 6:15 pm
Updated
29 minutes ago

Former chairman of Saracens Nigel Wray is understood to be seeking a buyer for the club (Getty Images)

Nigel Wray has cut all formal ties with Saracens and its parent company as he courts potential investors to buy at least a 50 per cent stake in the club, i can reveal.

As the fallout from the Premiership Rugby’s punishment for breaking salary cap rule continues to affect the club, Companies House filings show Wray has resigned as a director of Saracens and its parent company Premier Team Holdings.

Wray stepped down as chairman of the club earlier this month, the latest move means he no longer has any formal links to the club, other than through his family's shares in the club.

Internal sources have told i that Wray is looking for new investment, but that the Wray family would remain co-investor and continue to support the club financially.

While the amount he is willing to dilute his family’s ownership of the club has not yet been agreed, it is expected he is willing to sell at least half.

This newspaper has also learned that Wray is no longer the main shareholder of the club. In another Companies House filing for Premier Team Holdings, which owns just under 90 per cent of the north London based club, Wray is not listed as a shareholder. The filings confirm he transferred his ownership to the Edna Wray Grandchildren’s Accumulation & Maintenance Trust, of which the two main beneficiaries are Wray’s two children - Lucy, who sits on the board of Saracens, and her brother Joseph, who is head of sales at another Wray family company MBN Events.

England Six Nations 2020 squad announcement: here's when Eddie Jones is revealing his line-up
Before transferring the shares to his children’s trust in November 2018, Wray had bought out a 50 per cent share held by South African group Remgro after it decided to pull its backing in April 2018.

Last November, Premiership Rugby's investigation led to a deduction of 35 points from Saracens for the current season, and a £5.4m fine after the club was found in breach of the cap over the past three seasons.

One club insider said: “The transfer of the shares to the trust pre-dates and is unconnected to the salary cap investigation.

“As for any sale of the club the Wray family is open to external investment. It was, after all, 50 per cent owned by Remgro until they sold out to Nigel. What is certain is that the Wray family will remain co-investors, and are committed to supporting the club financially.”

Premiership Rugby has stated its investigation into Saracens lasted for nine months, from autumn 2018 until charges were brought in June 2019.



Actual Article


JP

Re: Nigel Wray courts investors and resigns as club director
Posted by: centrethere (IP Logged)
Date: 16 January, 2020 21:32

Does this need to go with the wow thread?

Re: Nigel Wray courts investors and resigns as club director
Posted by: Faithful_City (IP Logged)
Date: 16 January, 2020 22:33

Done

Re: Wow!!!
Posted by: Inbox (IP Logged)
Date: 16 January, 2020 22:34

Reading the reports it does appear their fate is sealed.

Appreciate some here are sceptical but with very little changes and the whole process announced after the season had started, there appears very little they can do to comply.

Frankly SERVES THEM BLOODY RIGHT...AND NIGEL WRAY SHOULD BE BANNED FROM INVOLVEMENT WITH RUGBY FOREVER!

Re: Wow!!!
Posted by: dudleywarrior88 (IP Logged)
Date: 16 January, 2020 22:42

BBC are reporing the same

I think they deserve it 4 years of cheating is too much to get away with one year of not been in to play offs

Re: Wow!!!
Posted by: centrethere (IP Logged)
Date: 16 January, 2020 22:46

He's gone inbox and won't be coming back - read the article - he's retiring

Re: Wow!!!
Posted by: Faithful_City (IP Logged)
Date: 16 January, 2020 22:46

It is reported they have been told to open their books for an independent audit by Monday or possibly be relegated.

So they open their books and the audit begins, months later there is a result which may be contested a few more months. By that time new season has started with another club relegated.

Possible.

JP

Re: Wow!!!
Posted by: Faithful_City (IP Logged)
Date: 16 January, 2020 22:49

Not quite retiring he is to continue financial support and he is not putting all his shares up for sale

JP

Re: Wow!!!
Posted by: centrethere (IP Logged)
Date: 16 January, 2020 23:01

Via we assume being a trustee of a family trust fund.

(This to me says 'no further direct involvement in rugby decisions are wished for, only taking financial decisions' - hence my view - he has effectively retired from rugby) - similar to the Allens.

Re: Wow!!!
Posted by: John Tee (IP Logged)
Date: 16 January, 2020 23:26

I have no sympathy for a regime that did what they did...
Relegation and break the squad up. No promotion for 3 seasons.

Re: Wow!!!
Posted by: Inbox (IP Logged)
Date: 17 January, 2020 00:21

Quote:
centrethere
He's gone inbox and won't be coming back - read the article - he's retiring

Yeah but individuals like Wray have a familiar habit of popping up again when the stink has died down...

Current Page: 1 of 4
Sorry, only registered users may post in this forum.
We record all IP addresses on the Sportnetwork message boards which may be required by the authorities in case of defamatory or abusive comment. We seek to monitor the Message Boards at regular intervals. We do not associate Sportnetwork with any of the comments and do not take responsibility for any statements or opinions expressed on the Message Boards. If you have any cause for concern over any material posted here please let us know as soon as possible by e-mailing abuse@sportnetwork.net