Allianz confirms it will end sponsorship of Saracens

FILE PHOTO: Rugby Union - Premiership - Harlequins v Saracens - Twickenham Stoop, London, Britain - January 26, 2020 Players from Saracens, being relegated to the Championship next season, dejected after the match Action Images/Andrew Couldridge/File Photo

LONDON (Reuters) - Insurer Allianz said it will end its sponsorship of Saracens rugby club and their stadium, after the Premiership champions were relegated from English rugby's top division for breaching salary cap rules.

"Allianz has taken the difficult decision to end its sponsorship of Saracens Rugby Club and stadium at the end of this season," the German company said.