Nigel Wray has announced that he is to retire as Chairman of Saracens with immediate effect. This follows the club being docked 35 points for breaches of the salary cap.
Wray has financially backed Saracens since 1995 and allowed them to become a professional club. This support allowed the club to bring in international stars such as Phillipe Sella, Francois Pienaar and Michael Lynagh.
Nigel Wray retires as Saracens Chairman
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.”
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.
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