Premiership champions Saracens have confirmed they will not be contesting their points deduction and fine for breaching the league’s salary cap.
They are to be docked 35 points and fined £5.36m after an inquiry into business partnerships between owner Nigel Wray and some of their players.
Wray said the club “made mistakes” and accepted the penalties “with humility”.
Mark McCall’s side have subsequently dropped from third to bottom of the Premiership with -22 points.
“As a club, we will now pull together and meet the challenges that lie ahead,” added Wray, who had previously vowed to “appeal against all the findings”.
“We confirm our commitment to the salary cap, and the underlying principle of a level playing field, and will continue to work transparently with Premiership Rugby in this regard.”
Premiership Rugby’s chief executive Darren Childs welcomed Saracens’ decision.
“This is the right outcome for English club rugby,” he said. “Bringing this process to a conclusion means that we can focus on working in partnership with all clubs to continue to build a competitive and successful league.”
More to follow.