• Club to donate cash to official charity, Exeter Chiefs Foundation• Premiership Rugby yet to comment on reports of fine payoutExeter have revealed that the £350,000 they will receive as their share of a £5.4m fine imposed on Premiership rivals Saracens for breaching salary cap regulations will go to charity.

Premiership Rugby has so far not commented on reports that the fine was to be divided up and paid to the league’s other clubs, but Exeter say their slice of the cake will be donated to the Exeter Chiefs Foundation, the club’s official charity.