From the Telegraph:
Leicester Tigers have been fined ?47,000 for their latest historical salary-cap breach which occurred in the 2019-20 season.
The East Midlands club, currently seventh in the league table, were two years ago fined ?309,841.06 following the conclusion of a Premiership Rugby investigation into salary-cap compliance for the seasons 2016-17 to 2020-21. Within that investigation, Leicester were found to have breached the cap by ?98,586.32 in the 2019-20 campaign.
Premiership Rugby on Monday announced that additional payments of ?47,136.91 had been identified relating to Leicester?s cap spend in the 2019-20 season, although this expenditure was ?a separate matter? to the ?300,000 fine which the Tigers received in 2022.
A Premiership Rugby statement added: ?These payments relate to salary during the Covid-19 period, which had not been included in the club?s certification for the 2019-20 Salary Cap Year. Leicester Tigers have paid the overrun tax in full.?
In their own statement, Leicester confirmed that they had accepted and paid the ?47,136.91 ?overrun tax?, once again highlighting that these breaches occurred under the club?s previous regime, overseen for the most part by chief executive Simon Cohen.
?While disappointed to again have historic salary cap spending relating to the 2019/20 season result in this overrun tax, as was the case in March 2022, we accept the findings of Premiership Rugby,? said Andrea Pinchen, chief executive.
?As was the case in March 2022, this in no way relates to any of the most recent four seasons and we are grateful to Premiership Rugby for the cooperative approach in bringing this matter to a close.
?We have accepted and paid the overrun tax and, as stated in March 2022, the current club management ? who inherited this issue ? have a great respect for the Salary Cap regulations and remain committed to ensuring Leicester Tigers is compliant every season.?
In 2020, Saracens were relegated to the Championship after being found to have breached the salary cap in three consecutive seasons - albeit by far greater amounts than Leicester.
In 2016-17, Saracens overspent by more than ?1.1 million, in 2017-18 it was just over ?98,000 and in 2018-19 it was ?906,000.
Topic: The Cheetahs Still at it. (Read 989 times)
Always a Wasp