A 10-team Premiership with a reduced salary cap is being discussed by clubs, says Leicester Tigers chief executive Andrea Pinchen
- are "fundamentally" against the rise, but says they will spend up to the limit to remain competitive."Can I understand a very wealthy club wanting to get that stardust sprinkled in, as they see it, and increase the cap? Yes, I can," added Pinchen.
While Pinchen says that all clubs do not agree on the cap, she adds they are all "more aligned now" after enduring a difficult period through Covid together. During the pandemic clubs took on loans from the Department for Digital, Culture, Media and Sport to help them stay afloat. Both Worcester and Wasps went into administration with those debts failing to be met, while Exeter Chiefs sold a stake in a hotel it ownsTigers' first repayment is due in March, with Pinchen saying payments have "been mapped out" by the club.
She says sustainability is something Tigers - who reported an operating loss of £1.9m for last season - are working towards and says fresh investment would be welcome.after less than a year."If it is right for the club, then fine and we will look at it and start to dig a little bit deeper, but that is the critical thing - it has to be right for the club long term."
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