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Saracens have announced that Nigel Wray has decided to retire as club chairman with immediate effect.
The reigning Gallagher Premiership champions received a 35-point deduction and were fined more than £5million in November for breaching league salary cap regulations.
Saracens say that a new independent chairman will be “appointed imminently.”
Club Statement | Nigel Wray has decided to retire as Chairman of Saracens with immediate effecthttps://t.co/HPdzOSZA0g
— Saracens Rugby Club (@Saracens) January 2, 2020
Wray, 71, has provided financial backing for Saracens throughout the sport’s 25-year professional era.
And he says his family will “continue to provide the required financial support to the club.”
In a statement released by Saracens, 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 fee
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