Nigel Wray insists he has given his ‘heart and soul’ to Saracens in controversial 26-year ownership that includes rule over Europe and breaching the salary cap… as the club confirm plans for a £32million takeover
- Saracens have confirmed a £32m readmission deal
- The consortium includes Francois Pienaar and Maggie Alphonsi. from ex-Saracens
- Saracens were deducted 35 points for breaking league salary limits
Nigel Wray insists he gave his ‘heart and soul’ to Saracens when the club confirmed plans for a £32million takeover.
The deal will mark the end of Wray’s controversial 26-year ownership, with the club dominated Europe before their dynasty collapsed after breaching the salary cap.
Subject to approval from the RFU and Premiership Rugby, the club will now be bought by a consortium including former Springboks captain Francois Pienaar.
Saracens owner Nigel Wray has agreed to sell majority stake to a consortium
Wray said: “I have given my heart and soul to the club for over two decades, presiding over Saracens since the early days of professionalism.
‘Unfortunately I am not getting any younger and I have always wanted to ensure that the Saracens are in very safe hands for many future generations. To demonstrate our continued enthusiasm for the future of Saracens, I will retain a significant minority stake, albeit a passive one.
“I’m looking forward to just being a fan again and supporting the club I love, while devoting more of my time to pioneering our wonderful Foundation and supporting the build-up of Saracen’s school program.”
Former South African World Cup winning captain Francois Pienaar is involved in the takeover