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Exeter Chiefs have given the £350,000 payment that it received through Saracens’ salary cap breach to its official charity after the £5.36m fine was carved up between the rest of the Premiership stakeholders.
Saracens were docked 35 points and fined a seven-figure fee after an independent review panel found the club had “failed to disclose payments to players” between 2016/17 and 2018/19, which subsequently “exceeded the ceiling for payments to senior players in each of the three seasons”.
The panel found that Saracens had not deliberately broken the regulations, but gave them the maximum punishment regardless that dropped the reigning champions into a relegation fight, with the club currently bottom of the Premiership and 18 points behind 11th-placed Leicester Tigers.
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Last week Saracens’ long-serving chief executive Nigel Wray unexpectedly retired from his role, with former club official Edward Griffiths returning as interim CEO.
It emerged at the weekend that the sum of money had been split up and distributed among the other Premiership Rugby clubs, though it could not be confirmed if the carve-up had been made equally among the remaining stakeholders.
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