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Saracens owner Nigel Wray agrees to SELL controlling stake to consortium

Saracens owner Nigel Wray agrees to SELL controlling stake to consortium – including World Cup-winning captain Francois Pienaar – which will invest £32m into the Premiership club


Saracens owner Nigel Wray has agreed to sell a controlling stake to a consortium which plans to invest £32million in the Gallagher Premiership club.

A statement on the club’s official website said: ‘Saracens is delighted to announce that a consortium of investors has agreed terms to acquire a majority controlling stake and that the club’s shareholders will invest significant new funds by means of a capital raise.’

The consortium includes World Cup-winning captain Francois Pienaar, while another former Saracen, Maggie Alphonsi, has agreed to join the board.

More to follow…  

Saracens owner Nigel Wray has agreed to sell a controlling stake to a consortium

Read more at DailyMail.co.uk