Nigel Wray responds as rumours of 'Saracens for sale' spread
Nigel Wray today dismissed claims Saracens are up for sale as “rubbish” and has assumed total control of the European Champions Cup holders following Johann Rupert’s decision to end his financial support.
Wray, who has spent more than £40m of his own personal fortune on the club, will pay an undisclosed sum to Rupert’s South African based Remgro company and has confirmed he has already received expressions of interest from new investors willing to pump an estimated £30m into the Premiership club which lost to Leinster in the Champions Cup quarter-finals in Dublin.
Rupert jointly funded the £20m East Stand at Allianz Park with Wray, the club chairman and longest-serving Premiership owner, who is adamant that plans for the new West Stand are unaffected by the South African’s departure. Work on the stand, which will include new changing rooms, is scheduled to begin before the start of next season. Saracens’ annual losses have been falling for the last three years – it was £2.5m last year- and Wray expects the club to be in profit in around two year’s time.
Wray said: “Saracens are not for sale – that’s rubbish. Remgro are a billion pound company and the investment in the club is relatively tiny and they want to reduce that and I am going to buy their share. They have been fantastic partners and we will keep a relationship going because we want more South African players. Saracens will survive for a hundred years but I am not and so you have to create sustainability. We have major ambitions for one of the best club brands in the World.
“I am now the 100 percent owner and I have already got people expressing an interest and we will see how it evolves because there is no rush. Remgro put money into the club and that will be the case again because I haven’t sold any shares. Any money goes to the club to make it better, not me; this is a love affair but it’s not a blind love affair. I believe in what we are doing at the club and the family we have created and I have never added up what I have spent. Our losses are coming down every year
“The West Stand is going to cost £22m which is a shedload of money but we have had offers of finance to fund it and it would be a normal banking arrangement. Hopefully, building could start before next season. We are creating something meaningful in the community and the school we have funded is opening in September and we are more than just a rugby club. “
Sarries will continue links with Rupert’s company which as an interest in the Stormers Super rugby franchise who have supplied key players such as Schalk Burger, Michael Rhodes and Schalk Brits to the first team squad.
Comments on RugbyPass
Hard to disagree with the 5 points - with the exception that Wilson should be a squad member but, depending on the other loose forward selections, is not yet a shoo-in. McReight is. Aussie is looking a lot better this year and JS has some selection options. Also, Havili’s tendency to get caught, charged down is also a liability at times but he seemed focused (mostly) and is definitely a consideration for utility back-up. Still feel Reihana is a better prospect at 1st five for Saders.
2 Go to commentsYeah nah, still not sure on Havili tbh. Even though I’m a Crusaders fan through and through I’d be stunned if Razor considers him after seeing some of the stunning talent coming through up North.
2 Go to commentsThink it was a great defensive performance by Northampton. They didn't have stage fright in the first half, the Nienaber defense smothered them. They limited Leinster to 15-3 in the first half. It could have been over by then. A great try from Leinster in the start of the second half looked to have sealed it. But Byrne missed another conversion. Northampton started trying little kicks behind the Leinster wingers. Leinster messed one and Smith brilliantly made the conversion. Leinster decided to tighten the game after Byrne missed a straight forward penalty. A few errors got NH into the 22 and they scored and converted with a few minutes left. Another brilliant steal from Lawes saw NH have a final attack which was turned over by Conan. A classic semi final. World record attendance of 82,300. Leinsters 3 week preparation warranted for this one.
1 Go to commentsJust came back from the game and the atmosphere was amazing. Players stayed afterwards for more than a hour to sign stuff and take photos with fans. Great day out.
5 Go to commentsA great game. The Sharks without Etsebeth are a shadow of the team compared to when he plays. The limitations of Some of the expensive Sharks players are being exposed. Credit to Clermont for some exhilaration play at times.
5 Go to comments100% Mr Owens. But who would want to be a referee.? It must be the most difficult job on earth.
1 Go to commentsStarts to be overdone and oversold this systematic SA narrative…which nevertheless has the merit in this case to recognise blatant refereeing mistakes in their favor
5 Go to commentsNice article. Shades of Steinbeck. They can win the final if they take the game seriously; but only if they take it seriously.
5 Go to commentsWhat a sad way to end a glittering career. Somebody should tell him to delete his social media accounts and face the consequences of what he's done. Then he should slip away quietly into obscurity. This isn't likely to happen, something tells me he'll be back in The Sun / Daily Mail sooner rather than later.
5 Go to commentsguys its fine! he understands why he did what he did and has taken accountability for it; why should he have to be accountable to a court? after all he did was abuse people in person - its not as if he was engaging in _online_ abuse!
5 Go to commentsChiefs flanker Kaylum Boshier yellow-carded for collapsing the scrum as it rolled towards the line. It was a maul….
1 Go to commentsyou know, i’m a leinster fan so I want Northampton to lose and it is gonna be tuff with Cortney lawes, Alex michell and the other guys🏉 lets go leinster🏉
1 Go to commentsWelcome to the Pro ranks. Those hard teams of old do hit the sole better though. its a dog fight at the top.
6 Go to commentsCan someone fill me in please, I've read a number of Ben Smith articles now and it seems he's got something again South Africa? Surely, this game was over and done with 7 months ago. Can't we have something a bit more interesting and relevant, or is this the calibre of journalist on this site?
237 Go to commentsNot sure what the Welsh are moaning about. They’ve had far more players off England, than England have had off Wales. Guys like Josh Hathaway and Kane James will play for Wales in the end. And they’ll be fsr better players for having played in the Gallagher Premiership, than they ever would have been had they stayed mired in the shambles that is Welsh rugby.
4 Go to commentsThis is all being blown totally out of proportion. First of all, since half the Irish team isn’t Irish - it’s very likely that none of the Irish players said that at all and, thus, we’re not being arrogant. Second, since half the Irish team is Kiwi - it’s very likely the Kiwi players were predicting a NZ SA World Cup final. Which they got spot on. Good on them!
163 Go to commentsAha. An Irishman with logic! Follow the flow: - Ireland peaks with a >80% win record between 2020 and 2023. And then… - crashes out of another QF at the WC; - Beat a poor French Team; - Beat 6N wooden spoonists Italy; - Play shite against eventual wooden spoonists Wales; - Lose against the most boring, “the worst English team ever” , a team widely regarded as unable to attack; - scrape through against Scotland. This article, No - Trimble, is on the money! Except for one glaring statement: _The Springboks have a few aces in the hole in this debate being the reigning world champions and official world number ones_ There is no debate, boys and girls. There it is. In black and white. “Reigning World Champions and OFFICIAL world number ones”. Come July, the overrated Andy Farrell and this overhyped team are going to enter into a world of hurt.
90 Go to commentsI’d like to know what homoerotic events Daniel enjoyed at 8th man. I clearly missed out!
20 Go to commentsThis article is missing some detail, like some actual context or info about what led to him abusing the ref.
2 Go to comments*They used to say that football is a gentleman sport watched by hooligans and rugby is a hooligan sport watched by gentlemen. How times have changed.*
3 Go to comments