This is Part 2 of my review of the Myners Review.
Adding, provide sanctions for players who are in breach of their obligations under the Regulations. In the next stage of this process, we will consult carefully with our clubs and other stakeholders as we finalise the new Salary Cap regulations for the long-term benefit of our sport.”. There is also a recommendation that club officials have to agree to regulations officially, thus enabling more power to an investigation shall they require it. Yes, I’d like to receive emails from Leicester Tigers including news, promotional information and messages from our partners. This would be done by extending the system to allow central access to each club’s salary cap spreadsheet at all times. The Myners Review follows on from the 2019 case in which an independent disciplinary panel upheld charges against Saracens for breaches of the Salary Cap. Among the changes proposed in the report, Lord Myners recommends: Darren Childs, Chief Executive of Premiership Rugby, commented: “Premiership Rugby established an independent review of the Salary Cap because we want to ensure that it provides a world-leading framework for the future. There was also a call to increase the sanctions that a club can receive shall they break the law, including relegation, suspension, stripping of titles and return of prize money.
1.
Rugby, in Myners’s eyes, “is a tremendous sport but … Transparency2.1 Announce the fact that a charge has been brought as soon as is reasonably practical and within seven days, with a brief summary of the substance and details, and proposed dates for a hearing.2.2 Publish disciplinary decisions in full, with the redaction of confidential information or personal data.2.3 Include details of all breaches and sanctions in a comprehensive SCM annual report, which is made public.2.4 Publish guidance from the SCM regularly and make this publicly available.2.5 Publish general information to share details about the operation of the cap and how it is achieving its objectives.2.6 Publish any changes to the regulations, along with a rationale for how it is consistent with the five regulatory objectives.3. Any prohibited payment should result in a sanction.3.5 Broaden the current definition of connected party.3.6 The SCM must approve all sponsorship arrangements in advance.3.7 Tighten provisions around player loans to ensure they are bona fide.3.8 Review provisions for exempt (marquee) players.3.9 Remove the provision to deem a salary. The panel gave a strong endorsement of the regulations, finding the cap to be consistent with competition law and with the objectives of ensuring the financial viability of clubs and the league, controlling inflationary pressures, providing a level playing field, ensuring a competitive league and enabling clubs to compete in European competitions. Powers and Resource of the Salary Cap Manager and the auditors7.1 Extend system to allow central access to each club’s salary cap spreadsheet at all times.7.2 Require clubs to provide copies of documents such as new contracts to the SCM within 14 days.7.3 Clarify the power of the SCM to attend clubs without notice and require them to provide him with finance reports and access to management accounts.7.4 Allow the SCM to make requests to see players’ tax returns on a random basis.7.5 Clarify that, as a part of their annual review, the auditors are able to obtain downloads of raw accounting data from each club’s system.7.6 Enhance the powers available to the auditors in their annual audit to include mandatory interviews, sampling of tax returns and more extensive provision of information and documents by the clubs.7.7 Introduce sanctions for clubs that do not comply with reasonable requests from auditors within a reasonable time frame.7.8 The SCM should work with the Rugby Players Association and RFU to provide a programme of education for players and agents so that they understand their obligations under the regulations.7.9 Change the title of the “SCM” to salary cap director”.7.10 Appoint a deputy SCM to assist the SCD.7.11 Appoint a full-time data analyst.7.12 Make investigatory audits compulsory if the SCM has reasonable grounds to initiate.7.13 Expand the scope of investigatory audits to include broader powers of search.7.14 Provide sanctions for any club or individual who is found to have deleted evidence post the notification on an investigatory audit.7.15 Introduce random mini investigatory audits for two clubs every year.
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