Saracens squad could be dismantled |
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Wil Chips
Rambler Joined: 23 August 2009 Location: Pembs Status: Online Points: 50981 |
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There’s massive bucks in play mind.
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GPR - Rochester
Veteran Joined: 01 December 2014 Location: Rhydcymerau Status: Online Points: 18784 |
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Chris Ashton interview shows he clearly misses the point. He obtained a loan from Wray to refurb a jointly owned property. Nothing wrong with that according to Ashton just like getting it from a Bank. He went on to say that the loan has since been repaid, again all above board. What he failed to mention was that the loan was interest free - clearly Banks in the North are far better to deal with than any I have ever come across.
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reesytheexile
Veteran Joined: 11 August 2012 Location: Machynys Status: Offline Points: 17530 |
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Not sure I am ready to see Ken selling me Weetabix on morning Tellie or Rob Evans flogging “ bootifull and lush” Pembrokeshire Farm sausages ! 😉 (very interesting info from Wil Chips mind re management of advertising/ rights)
Edited by reesytheexile - 29 January 2020 at 10:22am |
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GPR - Rochester
Veteran Joined: 01 December 2014 Location: Rhydcymerau Status: Online Points: 18784 |
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Yes and all the time Saracens answer now seems to be to give up on getting their house in order, take relegation & throw more money at it by setting up big money spinning games against their South African chums. Don't quite see how that solves their cap issues & clearly Ed Griffiths doesn't want to be involved as he has left after less than a month.
It is high time that Saracens really accepted their punishment and acted accordingly. What odds McCall for Ireland if they have a ropey 6 nations?
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RR1972
Veteran Joined: 27 April 2009 Status: Online Points: 18270 |
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Image rights are a minefield. Who owns what and who gets the advertising money etc. Union in wales is high profile but theRe are only a few marquee players with genuine value to a brand.(awj is the one that springs to mind) Anyone remember lee byrne and that dreadful advert for crappy gold? 😂😂
Edited by RR1972 - 29 January 2020 at 11:00am |
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KID A
Moderator Group Joined: 16 August 2004 Location: Cardiff Status: Offline Points: 27572 |
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That s peanuts when you consider Munster got a 9,000,000 Euros interest free loan to refurbish Thomond Park. |
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GPR - Rochester
Veteran Joined: 01 December 2014 Location: Rhydcymerau Status: Online Points: 18784 |
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Rather a different case don't you think. Good luck to Munster I say if the IRFU are so well run and organised. They certainly could teach the WRU a thing or three.
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NobbySosban
Veteran Joined: 30 June 2010 Location: Sir Berk Status: Offline Points: 6278 |
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I used dabble in F1 - the teams would hire expensive engineers to imagine intricate loopholes in the regulations so they could find innovative (often tiny) performance advantages. Then they'd hire expensive lawyers to justify their interpretation of the rules.
Often they'd get away with it - the more audacious ones, like Gordon Murray's Brabham 'Fan Car' (massive fan on the back of the car sucked air from underneath creating a vacuum which held the car on the ground around corners, but they successfully argued was for 'engine cooling) were brilliant; it was banned after a few races because it was firing stones off the track at the helmets of following drivers. Eventually F1 set up a technical guru so that teams could test their ideas in theory before spending money on developing new technology - if Charlie Whiting said it was 'no go', they'd can it, but it allowed novel solutions which stayed within the reg's to be used without advertising the details to rival teams in the notoriously secretive world of F1. It seems that Saracens hired expensive accountants for the same purpose, but that Premiership Rugby didn't have a consultative approach to check that the teams' creative accounting kept them within the salary cap and within the spirit of the regulations. It's a failure by Sarries to adhere to the structures which they agreed with the 12 other shareholding teams, but equally a failure of PRL properly to check the teams' compliance. They are now making it up as they go along to ensure that Saracens are punished adequately, and I can see them rushing in new rules and clarifications in short order (and other PRL clubs scrambling to ensure their compliance) in order to bolt the stable door. While I'm perplexed by Stephen Jones's (Sunday Times, not Scarlets/Wales) extraordinarily staunch defence of Sarries, he's right that the English Premiership administrators are at fault for allowing it to happen.
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Wil Chips
Rambler Joined: 23 August 2009 Location: Pembs Status: Online Points: 50981 |
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There is something to say about external governance of these things. This case proves how inadequate the governing bodies are when faced with never before evaluated challenges like this one.
I’m actually a little surprised that Sarries haven’t found some reason to appeal around the likely technical blunders of EP in the process. Wray even says he had previously had approval for some of the arrangements he had made for players. |
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Sosban89
Veteran Joined: 18 October 2014 Status: Offline Points: 2249 |
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My thoughts are that the fact the opted out of having their accounts fully audited means there are probably other things they have done dubiously that they don't want aired in public. How many elite sports organisation would just accept relegation? |
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Dai38
Veteran Joined: 15 April 2009 Location: Llanelli Status: Offline Points: 2883 |
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Part of the deal with the audit was give the trophies back, also who would pay for the Audit Sarries I would expect, and it would run into a lot of money !!!!
I would believe that after the audit they would have been relegated so to save money and keep the trophies they accepted relegation. |
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Be careful when you pick up the stick.........IT MAY BE THE WRONG END!!!!!!!!!!
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lofty evans
Rambler Joined: 20 September 2007 Location: Gorseinon Status: Offline Points: 53415 |
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Excellent. |
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In 1972, Roy Bergiers scored that try and said "that was for you lofty"
"All you have to decide is what to do with the time that is given to us" |
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NobbySosban
Veteran Joined: 30 June 2010 Location: Sir Berk Status: Offline Points: 6278 |
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Opening and publishing the books would entail exposing players, past and present, to full financial scrutiny for all the 'off the books' deals they were innocently/naiively signed up to. Even Wray and Griffiths have baulked at this, especially as it would mean alienating players against the club. They have to maintain player relations, cos they've pooped on everyone else.
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RR1972
Veteran Joined: 27 April 2009 Status: Online Points: 18270 |
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Will the tax man be looking into all of this?
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GPR - Rochester
Veteran Joined: 01 December 2014 Location: Rhydcymerau Status: Online Points: 18784 |
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For sure - interest free loans are a benefit in kind & will have had to be declared. Surely the Sarries lads will have their own tax accountants or did Wray supply them with free financial advice as well. If things get much worse I can see Wray throwing his toys out of the pram and asking for his £50million back
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Mrfwon
Veteran Joined: 17 January 2008 Location: Basingstoke Status: Offline Points: 17606 |
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Don't be daft mun, if I went to view a house that I wanted to buy with the CEO of the company that I was working for, and he gave me 20K to help me buy it. Doesn't matter if it were classed as an investment (on the basis to pay it back), I've still been given 20K to help buy a house on top of my salary. Pretty sure anyone else that I worked with, if they found out would either be pissed off, or would also want a hand out.
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Scarlets!!!
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