Nigel Wray retires as Saracens chairman
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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Actually the era defining moment came a few years earlier. February 2002 to be precise, when Michael D Higgins as finance minister at the time introduced his sports persons tax relief bill to the dial. As the politicians of the day stated “It seems to be another daft K Club frolic born in Kildare amongst the well-paid professional jockeys with whom the Minister plays golf” and that the scheme represented “a savage uncaring vision of Ireland and one that should be condemned”. The irfu and Leinster would be nowhere near the position they are in today without this key component of the finances.
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