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Author Topic: Have Saracens broken salary cap rules?  (Read 6180 times)

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Donuts

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Re: Have Saracens broken salary cap rules?
« Reply #105 on: Friday 15-Mar-2019, 06:41* »
I’m assuming that further down the road once the player(s) have left the club or retired the loan from Wray will be either partially or totally waived as in the current economic climate property capital gains cannot be guaranteed
When set up the company has effectively nil value as the value of the asset ie the property is counter balanced by an equal amount due to the original investor ( not the player ).
So at the point of being given the shares no benefit has passed and the shareholders agreement likely to be in force protects the main investor and ensures ongoing loyalty.
If at the outset a future series of events is already contractual then it could easily be inferred that the players involved have received something of value and this would accordingly have to be included in the salary cap calculation.
I therefore suspect that this is not the case ;( at least not publicly).
Just my thoughts
Interested fo hear others
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