Sale owner: Game ‘needs to sort itself out’ to safeguard clubs financially | Sport

The Sale co-owner, Simon Orange, has insisted rugby union has to “sort itself out” financially in order to protect the sport’s long-term...

The Sale co-owner, Simon Orange, has insisted rugby union has to “sort itself out” financially in order to protect the sport’s long-term future and called for more transparency on players’ contracts in the wake of Saracens’ breach of the Premiership salary cap.

Orange, who led a consortium that took control of the Sharks in 2016 and has invested significant sums in the club, believes more must be done by the sport’s authorities to ensure clubs are protected if wealthy backers decide they want to withdraw their investment. “The game needs to sort itself out,” he said at a media day at the club’s Carrington training ground on Wednesday.

“We lost £50m last year and that is currently being covered by a load of idiot owners, one of which is me,” he said. “But if those losses become £100m, and then £150m and £200m, there aren’t going to be that many people who either can or want to be able to afford it. Let’s say the average loss is £3.5m per club … you only need 12 or 13 people to cover that.

“If the losses went to £10m – which, for instance, if we didn’t have the salary cap it would – there would be three teams playing each other, wouldn’t there? So we have got to protect it.” Orange believes Premiership Rugby will make changes regarding contracts and the salary cap after Saracens’ record punishment earlier this month.

“They will change some processes,” he said. “The job now is to make it so onerous to cheat that it’s not worth it. I’m not suggesting anyone has but … there’s loads of discussions been had, and it’s probably better for me not to be commenting, but we need transparency, players having to account for what they receive. And maybe agents. But Premiership Rugby will do it properly and professionally – and the new management team are on to it.”

When asked if he felt all teams were playing by the same rules, Orange said: “I don’t know, but I know I have got 24 players and I’m struggling, and others have 48 quality players and aren’t, so I suspect we’re not all the way there yet. But I’m pretty confident we will get there.”

Orange said of the prospect of the Premiership abandoning promotion and relegation: “Most peoples’ view is that they think the sport would be better off if we didn’t have it. I see the merits for that, but I have no idea what harm it could do. It could just become duller and duller. My gut feeling is we should keep it … but I’m not 100% sure.”

Source link



Africa,799,Americas,4076,Art & Culture,14689,Arts,6433,Arts & Design,1614,Asia,3213,Automobile,454,Baseball,586,Basketball,476,Books,3825,Business,5268,Celebrity,2633,Cricket,648,Crime,158,Cryptocurrency,1487,Dance,647,Defense,836,Diplomatic Relations,2496,Economy,1100,Editorial,260,Education,1198,Elections,308,Energy & Environment,3059,Entertainment,22515,Environment,3565,Europe,4161,Faith & Religion,235,Family & Life,817,Fashion & Style,3189,Finance,19669,Food & Drink,3678,Football,1103,Games,97,Gossip,10289,Health & Fitness,4018,Health Care,930,Hockey,219,Home & Garden,920,Humour,994,Latin America,49,Lifestyle,16820,Media,527,Middle East,1477,Movies,1662,Music,2585,Opinion,2920,Other,11734,Other Sports,4971,Political News,11324,Political Protests,2324,Politics,17579,Real Estate,1789,Relationship,106,Retail,3116,Science,2571,Science & Tech,9842,Soccer,213,Space & Cosmos,334,Sports,12002,Technology,3372,Tennis,541,Theater,1640,Transportation,313,Travel,2521,TV,3627,US,58,US Sports,1481,Video News,3531,War & Conflict,1069,Weird News,998,World,16181,
Newsrust - US Top News: Sale owner: Game ‘needs to sort itself out’ to safeguard clubs financially | Sport
Sale owner: Game ‘needs to sort itself out’ to safeguard clubs financially | Sport
Newsrust - US Top News
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content