Shannon 'disillusioned' by deduction
Shannon have been hit with a one-point deduction, which has plunged their top-flight status in the All-Ireland League into further doubt.
The Limerick club have also been fined €3,000 - a further punishment that has left Shannon "totally disappointed and disillusioned" .
Shannon were found guilty of breaching Regulation 6, which states: "No material benefit shall be offered or paid by a club to any player. For the avoidance of doubt, this includes the payment of signing-on money or retention money."
Sources close to the club have claimed that the issue arose after they signed an overseas player from New Zealand, who never ended up playing for them in the AIL.
Instead, the player, who is understood to have been drafted in as half-back cover, played four games for Shannon's seconds as well as one Senior Cup game.
Flights to Ireland were organised and paid for as well as initial rent for accommodation, under agreement that the player would reimburse the club as soon as he settled.
However, he then returned home for family reasons with the promise that he would return and play for the club, until he had a change of heart and decided to remain in New Zealand without having paid back the money owed.
A request was then made to Shannon to allow him transfer to a club in New Zealand and when they enquired about the money owed, the player went to the IRFU with the issue.
International Rugby Newsletter
Shannon appealed the initial ban that was handed down and, after a hearing with the union on Tuesday, the punishment was lessened and a €3,000 fine was decided upon as well as a one-point deduction.
That leaves Shannon level on 27 points with Terenure at the foot of the AIL Division 1A table with two regular-season games left to play.