Background
Saracens are an English professional rugby team based in London.
They play in the top tier of English rugby and are a dominant force
in both the domestic and European game – they were crowned
Premiership Rugby champions in 4 of the last 5 seasons and won the
European Rugby Champions Cup in 2016, 2017 and 2019.
But on 5 November 2019, it was announced by Premiership Rugby that Saracens
had been fined £5.36million and deducted 35 league points by
an independent disciplinary panel. Saracens were referred to the
independent disciplinary panel following a Premiership Rugby
investigation, as it was suspected that they had breached The Premiership Rugby Salary Cap Regulations.
These regulations were introduced in 1999 to ensure a level
financial playing field for all teams within the Premiership. The
current regulations cap the "whole squad spend" at
£7 million (with an allowance for two players outwith that
spend and for injuries).