Premiership side Saracens have accepted relegation and have apologized for the mistakes which led to their automatic relegation.
The premiership announced on Saturday that Saracens will be relegated from the Premiership at the end of the 2019-2020 season. The decision was after the conclusion of dialogue between Premiership Rugby and Saracens over the club’s compliance with the Salary Cap Regulations, which began in November 2019 after the club received a sanction in respect of breaches in past seasons.
Saracens who are winners of four league titles in the last five years will play in the Championship next season. They now face the task of reducing their wage bill by up to £2m to comply with salary cap regulations for the current season.
The side has vowed to rebuild confidence and trust. They are set to appoint a new independent chairman to help them avoid such areas in future.
Full statement by Saracens:
“THE BOARD OF SARACENS WISHES TO UNRESERVEDLY APOLOGISE FOR THE MISTAKES MADE IN RELATION TO THE SALARY CAP REGULATIONS.
“Our goal is to rebuild confidence and trust. The first step was to appoint a new independent chairman to lead on governance reform ensuring errors of the past are not replicated in the future. Furthermore, following open and frank discussions with PRL, we have accepted the unprecedented measure of automatic relegation from the Premiership at the end of the 2019-2020 season.
“We understand this decision will be difficult for the Saracens family to accept. The Board must embody the values of the club, learn from its mistakes so the Club can come back stronger. It is in the wider interests of the Premiership and English rugby to take this decisive step, to ensure everybody is able once again to focus on the game of rugby, which we all love.
“We hope that we can now start to move forward, begin to restore confidence and over time, rebuild trust with PRL, its stakeholders and the wider rugby community.”