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London –Nigel Wrayis to stand down as chairman of Premiership and European championsSaracenswith immediate effect bringing the curtain down on a period of unprecedented success on the pitch but tarnished by their breaching of the salary cap.
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Wray will still finance the club he has transformed since first investing in it in 1995 but in a statement issued by Saracens he said it was time for a younger person to take over as chairman.
“As we enter a new year, a new decade, it is time for the club to make a fresh start,” Wray said.
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