Saracens agree terms on £32m takeover by consortium including Pienaar

• Move marks the end of Nigel Wray’s 26-year ownership
• Takeover seen as clean break after salary cap scandal

Saracens have announced a takeover deal worth £32m as the club owner hands control to an investment consortium that includes Francois Pienaar, the former South Africa World Cup-winning captain.

Nigel Wray has agreed the terms of a takeover for the former Premiership and European champions by a group of investors led by Dominic Silvester, the chief executive of Enstar Group, a multinational insurance company. The deal will mark the end of Wray’s 26-year club ownership.

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from The Guardian https://ift.tt/3B5GCb5