Saracens make statement following wage cap allegations
Club Statement – Co-investment partnerships between the Saracens owner and players.
Following a newspaper article, the Club would like to make the following statement:
“Firstly, we would like to reiterate that the Club readily complies with Premiership Rugby salary regulations and information relating to remuneration is declared to the salary cap manager. Although co-investment partnerships between owners and players are not a prerequisite of the salary regulations, we disclose these transactions to Premiership Rugby and will continue to do so.
The Club has issued the following statement regarding co-investment partnerships between the Saracens owner and players.
— Saracens Rugby Club (@Saracens) March 4, 2019
“Currently, 57% of the men’s squad is comprised of home grown talent – the highest in the Premiership. These players not only produce results on the pitch, they help entitle the Club to £1.2m in credits above the baseline salary cap from the RFU and Premiership Rugby. This is a direct result of our significant investment in the Saracens Academy which nurtures and develops Saracens and England players of the future.
“A professional playing career in rugby can be short. We have a responsibility to help our players fulfil their potential, not just on the pitch but off it too. It is why our Academy incorporates an education programme that actively prepares players for life beyond the sport. We are encouraged that many of our senior players are exploring business opportunities away from rugby.”