Saracens: The Findings
Posted by: Faithful_City (IP Logged)
Date: 23 January, 2020 09:25

Here are some.

Quote:
Sky

The brothers Billy and Mako Vunipola, who were both part of the England squad at the World Cup in Japan last year, received £450,000 between them. Richard Wrigglesworth, 36, has played for Saracens since 2010, and was given £220,000, while Maro Itoje was given £250,000.

In the case of the Vunipolas, a house was bought by a company known as Vuniprop, funded 66 per cent by Vunipolas and 33 per cent by an interest-free loan by Wray. Renovation costs were also loaned, interest-free, by Wray.

It is understood that Saracens' defence was that Wray considered these payments to be equity investments and if they were declared as such - rather than as director loans, on the advice of an accountant - they would have been approved by the salary cap manager.


Full article HERE


If I find a link to the whole 103 pages I will post up.

JP

Re: Saracens: The Findings
Posted by: Faithful_City (IP Logged)
Date: 23 January, 2020 09:36

Comments from Rugby 365

Quote:
Rugby 365

Those comments are likely exactly why Saracens were happy for the report to be published, despite initial suggestions that the club wanted the report kept under wraps.

That being said, the suggestion that breaches were “not deliberate” brings into question the competency of Saracens’ management. A sensible director would not be comfortable significantly overspending on investments.

Of course, the alternative – that Saracens knew exactly what they were doing – would be just as damning for the club’s reputation.

One factor the report does make clear is that no players are believed to have been complicit in the club’s actions – but that raises questions regarding why a global superstar such as Maro Itoje would be happy to receive a below-market pay-packet.

All in all, the report sheds light over the exact ‘mistakes’ made by Saracens management that have ultimately seen the club consigned to spending next season in the second tier.

Whatever way you look at it, Saracens won two England titles using a squad that no team would be able to assemble without breaching competition rules – intentionally or otherwise.


FullArticle HERE


JP



Edited 1 time(s). Last edit at 23/01/2020 10:09 by Faithful_City.

Re: Saracens: The Findings
Posted by: centrethere (IP Logged)
Date: 23 January, 2020 10:07


Re: Saracens: The Findings
Posted by: Faithful_City (IP Logged)
Date: 23 January, 2020 10:14

From that then there is no doubt that Itoje and his agent most definitely knew how they were getting paid and Itoje himself accepted a low salary.

Which would suggest that so did all the other players involved.

JP

Re: Saracens: The Findings
Posted by: Gray_Lensman (IP Logged)
Date: 23 January, 2020 10:20

Strangely, Saracens don't like dealing with agents. I wonder why that would be? Perhaps Itoje really was ignorant of his true worth on the market. Then again it is hard to understand why he didn't find it odd that a hospitality company owned by Lucy Wray didn't require him to do any actually work for the money they paid him.

The decision to take relegation as opposed to opening the books still looks deeply fishy

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