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Saracens proprietor Nigel Wray agrees to SELL controlling stake to consortium

Saracens proprietor Nigel Wray agrees to SELL controlling stake to consortium – together with World Cup-winning captain Francois Pienaar – which can make investments £32m into the Premiership membership

  • Saracens have confirmed an settlement for a £32million takeover deal
  • The consortium consists of ex-Saracens’ Francois Pienaar and Maggie Alphonsi 
  • The transfer ought to assist with the membership’s rebuilding challenge from the Championship 
  • Saracens got a 35-point deduction for breaching the league’s wage caps


Saracens proprietor Nigel Wray has agreed to promote a controlling stake to a consortium which plans to speculate £32million within the Gallagher Premiership membership.

The consortium consists of World Cup-winning captain Francois Pienaar, whereas one other former Saracen, Maggie Alphonsi, has agreed to hitch the board. 

Saracens got a 35-point deduction in 2019 for breaching the league’s wage caps after a Sportsmail investigation and have been relegated from the Premiership on the finish of the 2019-20 season, however gained promotion again. 

Saracens proprietor Nigel Wray has agreed to promote a controlling stake to a consortium

Former Saracens and South African World Cup winning captain Francois Pienaar is involved in the consortium

Former Saracens and South African World Cup successful captain Francois Pienaar is concerned within the consortium

A press release on the membership’s official web site stated: ‘Saracens is delighted to announce {that a} consortium of traders has agreed phrases to accumulate a majority controlling stake and that the membership’s shareholders will make investments vital new funds by way of a capital elevate.’

Wray stated: ‘I’ve given my coronary heart and soul to the membership for greater than twenty years, having chaired Saracens because the first days of professionalism.

‘Sadly, I am not getting any youthful and I’ve all the time needed to be sure that Saracens is in very secure fingers for a lot of future generations.’ 

In keeping with Sky Information, Wray’s daughter, Lucy, will proceed to run the membership as CEO however the household will retain only a minority stake within the enterprise. 

Former Saracens and England flanker Maggie Alphonsi has also agreed to join the board

Former Saracens and England flanker Maggie Alphonsi has additionally agreed to hitch the board

Saracens returned to the Premiership with a victory against Bristol Bears last month

Saracens returned to the Premiership with a victory towards Bristol Bears final month

The consortium additionally consists of property entrepreneur Nick Leslau, insurance coverage excutive Paul O’Shea and South African Sharks proprietor Marco Masotti. 

The transfer ought to assist with the membership’s rebuilding challenge from the Championship, with the shareholders reportedly prepared to speculate £30m into the ladies’s staff, stadium developments and coaching amenities.

Roc Nation, the company belonging to rap star Jay Z, are additionally behind the deal, with president Michael Yormark set to hitch as a particular adviser.  

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