Saracens chairman Nigel Wray has moved to dampen talk of a sale of the English Premiership rugby union club after securing full ownership of the London-based team.
Wray has previously shared ownership of Saracens with South African entrepreneur Johann Rupert’s investment holding company Remgro. However, he has now acquired the 50 per cent stake held by Remgro, adding that he has commenced a search for new investment partners.
The upheaval at the club, whose European Champions Cup title defence was ended on Sunday through a quarter-final defeat to Leinster, has led to speculation over its future.
However, Wray said in a statement: “Remgro has been a fantastic shareholder in Saracens for the last nine years and, as shareholders do, they have decided to reduce their shareholding and I am very happy to say that I’ve decided to buy all their shares as I have huge faith and commitment to this club and everything it stands for.
"If you believe you have something great, then you must build in succession and sustainability. We all want Saracens to be great for the next 100 years and it’s quite likely, some might indeed even say probable, that I won’t be here for the next 100 years, so in due course we need to bring in extra investment into the club from outside. At this point I should say I have never sold a share in Saracens and never intend to. New money will always go into the club to continue building it for better and better things.
"Club rugby in my view is going to expand hugely in the years ahead, so we are already speaking to people, good people, who wish to invest in the club and take it forward but there is no rush for the moment, as it is so important to find really good people who share our values. This is a great club and I want it to remain precisely that.”
Saracens currently sit second in the Premiership table, eight points behind leader Exeter.