article_snippet.sent: Saracens chairman Nigel Wray has dismissed rugby’s salary caps rules as ‘a farce’ in financial documents seen by The Mail on Sunday that show Saracens chairman Nigel Wray club’s wage bill soared by another £1million last season alone
article_snippet.sent: Saracens chairman Nigel Wray has dismissed rugby’s salary caps rules as ‘a farce’ his club’s wage bill ballooned to £9.1m last year and, with Saracens chairman Nigel Wray admitting further losses lie ahead, there are growing concerns about the north London club financial health.
article_snippet.sent: A move by Saracens last December to scrap the salary cap — which is currently £5m but was £4.5m in the period covered by the new figures — drew no public support from other Premiership clubs.
article_snippet.sent: With discussions ongoing over the viability of ring-fencing the top flight, or at least restricting promotion and relegation, Saracens chairman Nigel Wray has restated that the salary cap — which is currently £5m but was £4.5m in the period covered by the new figures must be scrapped.
article_snippet.sent: We need to change the farce whereby We are all operating under different rules,’ wrote Saracens chairman Nigel Wray in a chairman’s statement in the club
highlights_snippet.sent: Saracens chairman Nigel Wray says rugby’s salary caps rules as ‘a farce’
  