Saracens Owner Nigel Wray Releases Huge Statement Following Salary Cap Scandal
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Saracens owner Nigel Wray has decided to retire as Chairman of the Premiership side with immediate effect.
Wray’s investments with senior players such as Owen Farrell were the centre of a massive salary cap investigation that ultimately ended in Saracens being fined £5 million and deducted 35 points in the Premiership.
“As we enter a new year, a new decade, it is time for the Club to make a fresh start. I am not getting any younger and feel this is the right moment for me to stand down as Chairman and just enjoy being a fan of this incredible rugby club. I will always be committed to the wonderful Saracens family.
“The Wray family will continue to provide the required financial support to the Club, and I will remain actively engaged in the work of the Saracens Sport Foundation and Saracens High School, as part of the Club’s ongoing commitment to our community in north London.”
A new independent Chairman will be appointed imminently.
Edward Griffiths will take up the role of interim CEO for a 12-month period. Mitesh Velani will assume a consultancy position at the Club and remain on the Saracens board.