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Saracens in £32m takeover, Nigel Wray to hand over control

Saracens owner Nigel Wray

SARACENS have agreed a £32m takeover deal with a consortium of investors that includes South African World Cup-winning captain Francois Pienaar.
The group will acquire a majority controlling stake in the club.
Nigel Wray, the club’s owner for 26 years, retains “a significant minority shareholding, albeit a passive one”, a club statement said.
Chairman Neil Golding and chief executive Lucy Wray, Nigel’s daughter, will remain.
Pienaar, who led the Springboks to victory at the 1995 World Cup, made 44 appearances as a playercoach for Saracens.
The new set-up, which should draw a line under the s...

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