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.
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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