Wray steps down as Saracens boss
NEWS: Nigel Wray has retired as Chairman of Saracens with immediate effect.
It comes just months after the London club had a £5.4million fine and a 35-point deduction imposed by Premiership Rugby in November following salary cap breaches during the previous three seasons.
“As we enter a new year, a new decade, it is time for the club to make a fresh start,” Wray said.
“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 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.