BG...
They don't have to be under the cap for the previous season.... Just this season.
The clause in the cap that used to refer to the previous season has been removed this year
That clears things up.
So Ealing could throw £100m at player recruitment and contracts and they won't get pinged if they are promoted the following season.. but not this season?
Ealing could be sold a stake in PRL. Owen Slot from The Times (thank you Heathen) roughly estimated a share (A's + B's) might cost £20m and each club would then receive a £1.5m handout.
Thankfully Owen Slot is a journalist and not a business owner. He's forgotten CVC take roughly a 1/3rd of all ongoing revenue from the time they bought shares in PRL.
If Ealing are willing to pay £20m then CVC will receive about £6 - 7m.
If I was Ealing, I'd just dog it out for a couple of seasons. See which current PRL club can't sustain the overheads.. then buy their shares.