Saracens will be relegated from the Premiership at the end of the 2019/20 season, Premiership Rugby has confirmed.
This follows the conclusion of dialogue between the club and Premiership Rugby over the club’s compliance with the Salary Cap Regulations, which began in November 2019 after the club received a sanction in respect of breaches in past seasons.
Darren Childs, chief executive of Premiership Rugby, said in a statement: "Premiership Rugby is prepared to take strong action to enforce the regulations governing fair competition between our clubs.
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"At the conclusion of dialogue with Saracens about their compliance with the salary cap regulations, it has been decided that Saracens will be relegated at the end of this season.
"At the same time as enforcing the existing regulations, we want to ensure a level playing field for all clubs in the future, which is why we have asked Lord Myners to carry out an independently-led review of the salary cap."
The club, bottom of the table with minus seven points, will continue to compete in the top flight until the end of the season.
Neil Golding, chairman of Saracens, said: “As the new Chairman of Saracens I acknowledge the club has made errors in the past and we unreservedly apologise for those mistakes.
“I and the rest of the Board are committed to overseeing stringent new governance measures to ensure regulatory compliance going forward.’’