The Wokingham Paper

LONDON IRISH: Premiership clubs vote to temporarily reduce salary cap

London Irish v Exeter Chiefs

CLUBS in the Gallagher Rugby Premiership have voted unanimously to temporarily reduce the salary cap following the financial impact of the Covid-19 pandemic.

Top flight rugby has been suspended since March, but is aiming to make a return in August to finish the 2019/20 campaign. However, all leagues below the Premiership were ended with immediate effect.

Premiership clubs voted in favour of the motion in a meeting on Monday, June 8.

As a result, the senior ceiling will be £5million, down from £6.4million, while home grown player credits will be retained up to £600,000.

The salary cap will be reduced in the 2021/22 season and will return to the current level before the start of the 2024/25 season at the latest, Premeirship Rugby confirmed.

Darren Childs, Premiership Rugby chief executive said: “Our clubs have taken these difficult steps as part of a range of measures to weather the significant financial impact of the Covid-19 pandemic.

“The ambition for the future of the game remains unchanged, and as we look beyond the immediate crisis we know that Premiership Rugby has huge potential to bring people together and will grow as a sport with the players, clubs and all stakeholders sharing in that future.”

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