Leaked report reveals Saracens overspent by £1.3m

Saracens v Racing 92 - Heineken Champions Cup Round 6

The much-anticipated disciplinary report on Saracens’ salary cap breaches has been leaked, as per The 42.

The Dyson report, of which there are 103 pages, was leaked to Sky News and detailed the staggering amount of joint ventures club owner Nigel Wray entered with the players.

The report has stated that the former Premiership side had overspent to the tune of £1.3 million.

In the past three seasons that were detailed by the report, Saracens were judged to have broken the salary cap in each of the campaigns.

The salary cap, marked at £7 million, was breached on three occasions and was listed as £1.1 million for the 2016/17 season, where Saracens won the Champions Cup.

Saracens also broke the salary cap by £98,000 in the following 2017/18 season, a year in which they won the Premiership.

The following season, a whopping £906,000 was overspent, a campaign that climaxed in the domestic and European double for Saracens.

Saracens will be relegated at the end of the current season after new chairman Neil Golding stated he was “drawing a line” under the issue. They have chosen to accept the demotion to the Championship rather than incur a full investigative audit of the club’s finances.

The breaches that were outlined in Sky News’ report vary from the part-funding of property purchases for the likes of Chris Ashton and the Vunipola brothers Mako and Billy.

Saracens v Racing 92 - Heineken Champions Cup Round 6

Also, an additional payment of £30,000 was made to Maro Itoje from a hospitality company based out of Allianz Park which was run by Nigel Wray’s daughter Lucy.

The report concluded by recommending that Saracens shouldn’t be relegated and the breaches by the club were not deliberate.

“We accept that the breaches were not deliberate, but in our view they were reckless. We consider that to impose a deduction of 70 points in one salary cap year is disproportionate and is not required to satisfy the underlying purpose.”

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