Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Friday 24 December 2021 9:00 am  |  Updated:  Sunday 19 December 2021 3:33 pm

Best of 2021: ‘Nigel Wray deserves credit after building Saracens’ dynasty’

By: Matt Hardy

Deputy Sports Editor - City PM

Add as a preferred source on Google
Nigel Wray relinquished his majority control over Saracens in October.
Nigel Wray relinquished his majority control over Saracens in October. (Photo by Henry Browne/Getty Images)

In October, Nigel Wray relinquished his majority control of Saracens after 25 years at the club. Here Matt Hardy looked back on a controversial but highly influential period for the City grandee. Originally published on October 5.

Empires fall and dynasties cease, but one thing remains when you’ve done something right or simply left your mark: legacy. Nigel Wray, the outgoing majority stakeholder of Saracens, has ensured that; and rugby, on balance, is better for it.

Saracens announced at the weekend that, 26 years after he began backing the north London club, Wray was stepping back and taking on a minority, silent stakeholder role. In his place a consortium of investors from rugby and beyond are set to take the reins. 

But as the City grandee departs the spotlight he takes with him the knowledge that his decisions, good and bad, have propelled professional rugby forward.

Australian Open: Pliskova joins Williams and Andreescu as absentees
Australian Open: Pliskova joins Williams and Andreescu as absentees

“I have given my heart and soul to the club for more than two decades, having chaired Saracens since the first days of professionalism,” said Wray, now in his seventies.

“Sadly, I’m not getting any younger and I have always wanted to make sure that Saracens is in very safe hands for many future generations. To show our continued enthusiasm for the future of Saracens I will be retaining a significant minority shareholding albeit a passive one.”

Wray was at the epicentre of Saracens’ rise to domestic glory, their spell as European giants and their undoing by Premiership Rugby’s audit office for salary cap breaches. 

Read more

McCall or Rowe: A Prem Rugby titan will bow out this weekend

GettyImages 2271932499 shows a significant event related to the latest news, capturing key details and visual elements.

He arrived as the Premiership became professional and helped transform it into a truly global league, luring legends such as Michael Lynagh and Francois Pienaar, the latter a member of the new consortium, to Saracens. 

Saracens’ sustained success showed that the Premiership’s best could take on the cream of French and Irish rugby and conquer Europe. Built around a spine of homegrown players, such as Owen Farrell and Jamie George, the club has also done more than any other to produce mainstays of the England set-up.

As with many dynasties, there has been some scandal. Found guilty of finding ways around the regulated salary cap and attempting to conceal it, Wray’s Saracens were subjected to a very public ordeal which resulted in their relegation from the top flight last year; sentenced to time down in the depths, as in the gladiatorial games of millennia past.

There was no hiding from the chants and jibes from fans of rival clubs across the Premiership’s terraces. But Wray could have begun talking about other clubs suspected of breaching the cap in years gone by, yet he didn’t. It speaks volumes of his willingness to protect the league, rightly or wrongly.

“I am looking forward to becoming just a fan again and supporting the club I love whilst focusing more of my time on the pioneering work of our amazing Foundation and supporting the build out of the Saracens school programme,” said Wray, who stepped down as chairman in 2020. Lucy Wray, his daughter, is to remain chief executive. 

“It is great that he is still a shareholder. Everyone involved in Sarries would want him to be,” said former British and Irish Lions coach Sir Ian McGeechan on Sunday. “When you think of Sarries, you think of Nigel Wray. That is a tremendous legacy to have.”

Legacy means to leave something behind to the benefit of others. Nigel Wray can enjoy his new role at the club he nurtured knowing he’s not only left a legacy for his club but for rugby as a whole. And rugby, in turn, should look respectfully on the dynasty he presided over. 

Read more

Nigel Farage calls for General Election after Starmer replacement

Nigel Farage’s party won a barnstorming victory in previously-Tory Kent in May’s local elections, alongside nine other county councils, in part over promises to slash spending. (Photo by Lia Toby/Getty Images)

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Life&Style

Categories

  • Sport

Related Topics

  • Rugby Union

Trending Articles

  • Billionaire Easyjet founder in line for £800m payday from takeover

  • Burnham told to launch £100bn tax reform package

  • Construction sector cuts jobs again as house building slumps

  • Pension pressure to help swell UK debt to three times size of economy

  • Tickets for England World Cup quarter vs Norway on sale for $8m

More from City PM

  • McCall or Rowe: A Prem Rugby titan will bow out this weekend

    Sport Business
    GettyImages 2271932499 shows a significant event related to the latest news, capturing key details and visual elements.
  • Nigel Farage calls for General Election after Starmer replacement

    Politics
    Nigel Farage’s party won a barnstorming victory in previously-Tory Kent in May’s local elections, alongside nine other county councils, in part over promises to slash spending. (Photo by Lia Toby/Getty Images)
  • ‘If you find yourself stuck in politics, the thing to do is start a fight’

    Politics
    Nigel Farage is furious
  • Everton renew Stake partnership just months after Gambling Commission warning

    Sport Business
    Business professionals in a modern office discussing strategies with charts and graphs on a conference table.
  • Women’s rugby in England is way ahead, and the RFU deserves credit

    Sport Business
    Breaking news scene with bustling city street, reporters gathering, and onlookers observing, highlighting urban life and m...
  • Paladin Deepens Allied Supply Chain Footprint with South Korea Strategic Initiative and Netherlands Expansion, Advances Ex-China Rare Earth Recovery

    Business Wire
  • Brits say Burnham should call an election

    Politics
    Number 10 Downing Street entrance with iconic black door, symbolizing British political power and leadership
  • Starmer: X is responsible for fake Farage and Bailey fight images 

    Politics
    Nigel Farage and Suella Braverman in discussion at a political event wearing formal attire, highlighting political collabo...

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy