MX23RW : Friday, November 27 11:58:07| >> :600:393218:393218:

Nigel Wray retires as Saracens chairman with immediate effect

Nigel Wray retires as Saracens chairman with immediate effect
© Reuters
Club say a new independent chairman will be "appointed imminently."

Saracens have announced that Nigel Wray has decided to retire as club chairman with immediate effect.

The reigning Gallagher Premiership champions received a 35-point deduction and were fined more than £5million in November for breaching league salary cap regulations.

Saracens say that a new independent chairman will be "appointed imminently."

Wray, 71, has provided financial backing for Saracens throughout the sport's 25-year professional era.

And he says his family will "continue to provide the required financial support to the club."

In a statement released by Saracens, Wray said: "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."

Wray's tenure saw a level of sustained success on domestic and European stages, with numerous players gaining international honours and starring at Test level, such as England trio Owen Farrell, Maro Itoje and Billy Vunipola.

Saracens, though, are battling to stay in the top flight this term following the points deduction for breaching salary cap regulations in the 2016-17, 2017-18 and 2018-19 seasons by failing to disclose payments to players following an inquiry into business partnerships between Wray and some Saracens players.

They are currently bottom of the table, 18 points behind 11th-placed Leicester.

Saracens also announced that Edward Griffiths is returning to the club to take up the role of interim club chief executive for a 12-month period.

He will take over from Mitesh Velani, who will assume a consultancy position at the club and remain on the Saracens board.

ID:384775:cQx

Click here for more stories about Nigel Wray

Click here for more stories about Saracens

Share this article now:
Did you know...?
Liam Williams during a Wales training session on January 31, 2019
Read Next:
Williams returning to Scarlets
>
Latest Sports Video
Read more about Nigel Wray Rugby Union

rhs 2.0
Todays Game Header Right
Premier League
Championship
FA Cup
La Liga
Bundesliga
Ligue 1
Eredivisie
Primeira Liga
League One
National League
Turkish Super Lig
Belgian Pro League
Ukrainian Premier League
Danish Superliga
Welsh Premier League
Segunda Division
Serie B
2.Bundesliga
Eerste Divisie
Copa Libertadores
Copa Sudamericana
Brasileiro
Argentine Primera Division
Liga MX
AFC Champions League
Premier League 2 - Div 1
Premier League 2 - Div 2
Gallagher Premiership
NFL
1.20am
Ravens
@
Steelers

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!