Last month it was announced Saracens will be relegated for persistently spending above the wage limit. The club yesterday accepted a 35-point deduction and a £5.36m penalty for flouting the rules.
Allianz has taken the difficult decision to end its sponsorship of Saracens Rugby Club and stadium at the end of this season. During this time Saracens have enjoyed significant success on the pitch, including back-to-back European Championships in 2015/16 – 16/17 as well as being Premiership Rugby champions 2017/18. Sign Up For the latest breaking news four times a day from London, New York and Singapore, sign up to our daily email newsletter to stay on top of the global business of sport. In January 2013, Saracens opened Allianz Park.
Forgot Password? $(id + ' #zype-modal-auth').show(); Allianz Park, Greenlands Lane, Hendon, London. $(document).on('click', id + ' .zype-join-button', function() { By clicking OK or continuing to use the website you are agreeing to the use of these cookies. Previously, Allianz had said it would be holding discussions with Saracens to confirm a "shared understanding and commitment going forward".
}); Home News Allianz to end sponsorship with Saracens. Subscribe to market-leading insight, analysis and the most accurate data on media rights deals worldwide.
$('.player-auth-required-content').css('top', '-50%'); “Allianz intends to continue to be involved in the great work that the Saracens Sports Foundation does in their local community and wishes Saracens well in the future.”, Saracens’ fine and ultimate relegation to the Championship. How to get into rugby union - get into the social team game that brings people together. Allianz is reported to have paid Saracens some £2million a year as part of the agreement. ©2020 SBG Companies Limited or its affiliated companies, All rights
Insurance brand Allianz is poised to end its Principal Partner deal with English rugby club Saracens one year early because of the salary cap scandal engulfing the club.
var id = "#zype-video-5d542b58b1065a744819f58f-468473511675290" Sign In In a statement last year, the company said they would hold talks with the club and “the financial decisions taken in relation to the remuneration of the players are taken by the club’s officials and Allianz has played no part in this process. The north London club thanked their other sponsors for their "ongoing support", adding that they will look to develop "new commercial partnerships in the coming months". “The partnership was successful since its inception back in 2012, encompassing naming rights for Allianz Park stadium and the club’s playing shirts, as well as Principal Partner of the Saracens Sports Foundation,” said the reigning Premiership champions.
Data and analysis on the relationships between leading sports properties and the brands Mark McCall's side will still wear Allianz's special edition blue shirt in the London derby with Harlequins at Tottenham Hotspur Stadium on 28 March. German insurance firm Allianz have confirmed they will end their sponsorship of Premiership champions Saracens at the end of the season in the wake of the salary cap scandal.
It was due to run until 2021, but the two parties have agreed to end the partnership a year early. data, consulting and events. The company will continue to support the Saracens Sports Foundation until the end of next season.
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