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StoneX provides institutional clients with a complete suite of equity trading services to help them find liquidity with best execution and end-to-end clearing.
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Shawbrook is a specialist savings and lending bank, offering personal loans, residential and commercial mortgages, business finance, and savings products.
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Castore is the world's first premium sportswear brand, for the discerning athlete who values attention to detail & precision performance features.
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Dedicated sports brand creating durable training equipment to improve your core skills across all aspects of sport.
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Keep pushing to create unforgettable experiences, for children, adults, and anyone in between. Zinc the UK’s No 1 Scooter Brand.
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TREK bars, which deliver natural, long-lasting energy with no artificial ingredients, believe in providing better snacks for the environment. Their 100% plant based ingredients show their ambition to keep ingredients as close to their original form as possible, keeping the best nutritional value, in every bar.
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Greene King IPA
As the country's leading pub retailer and brewer, we welcome our customers into our 2,700 pubs, restaurants and hotels across the UK.
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Club Statement: Salary Cap

05.11.19
In association with
StoneX StoneX

Saracens Rugby Club is shocked and disappointed by these heavy-handed sanctions and will launch an appeal against all the Disciplinary Panel’s findings.

The Club is pleased the Panel acknowledged it did not deliberately attempt to breach the salary cap and steadfastly maintains that player co-investments do not constitute salary under the regulations. This view is supported by independent legal and professional experts.

The Club will continue to vigorously defend this position especially as PRL precedent already exists whereby co-investments have not been deemed part of salary in the regulations.

As previously stated, the Club made administrative errors relating to the non-disclosure of some transactions to PRL and for this we apologise. We are pleased to confirm we now have a robust governance framework in place and this will be overseen by an external counsel to ensure the Club follows best practice.

Furthermore, it is the Club’s belief that the Panel’s narrow interpretation of the regulations is detrimental to player welfare across the league and is damaging the development of elite level rugby in the UK.

Saracens is proud of its pioneering, innovative approach to player welfare, developing their talents and supporting their entrepreneurial spirit for life beyond rugby.

...

Q&A

The Club has received the Disciplinary Panel‘s findings and will be appealing. We are recognise that supporters will have a number of questions.  Hopefully, the following will address some of those. 

What happens during the appeal and how long will the appeal process take?

The sanctions will be suspended until after the appeal process is complete.  We do not know the timeframe for the appeal process.

Does this outcome affect any of your Premiership titles?

No.  Any points sanction that may be imposed in the future would not have an impact on any trophies the team has previously won.

Will the Club now be forced to sell players to comply with the salary cap?

No.  The Club allocates a set budget for player remuneration which the CEO and coaching staff take full responsibility for.  This budget falls within the salary cap and has no connection whatsoever to third party co-investments.

How does this verdict affect the Club’s transfer policy?

Regardless of the appeal, this outcome does not prevent the Club from signing new players.

How does this verdict affect the team’s preparation for the season ahead

Mark McCall, his coaches and players prepare for all of our games in the same focussed, committed way and that will continue to be the case. We are a very tight family and this will only make us closer.

 

 

 

 

 

 

 

 

 

 

 

 

 

Saracens V Harlequins Premiership Rugby Cup

MATCH REPORT | Saracens Men 28-26 Harlequins

Saracens Men rounded off their Premiership Rugby Cup block with a thrilling 28-26 victory over London rivals Harlequins at a wet and windy StoneX Stadium. In a gripping contest, the hosts made the most of the conditions, and edged closer to qualification with a hard-fought win which went down to the final seconds. The match […]

23.11.24
In association with
StoneX StoneX
Screenshot 2024 11 23 At 10.41.22

TIME CHANGE | Stade Francais v Saracens Men

EPCR has announced the following adjustment to our Round 2 Kick-off time: The Investec Champions Cup Round 2 fixture between Stade Français Paris and Saracens, which was set to kick off at 15:15 GMT / 16:15 CET, will now kick off at the earlier time of 13:00 GMT / 14:00 CET. This fixture will now […]

23.11.24
In association with
StoneX StoneX
England V South Africa Autumn Nations Series 2024

Four Saracens named in England squad to take on Japan

Jamie George will captain England this weekend at Allianz Stadium, closing out their Autumn Nations Series against Japan on Sunday. Steve Borthwick has named an England team featuring two changes to the starting XV that was defeated by South Africa last weekend, with George Furbank and Tom Curry brought into the lineup. George will be […]

22.11.24
In association with
StoneX StoneX

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