Saracens complete £32m takeover with Francois Pienaar among investors

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  • Kimono House Ltd buys ‘controlling stake’ in Saracens group
  • Pienaar made 44 Saracens appearances between 1997 and 2000

Saracens’ £32m takeover by a consortium including World Cup-winning captain Francois Pienaar has been completed.

The Premiership club announced the takeover in October with Saracens owner Nigel Wray agreeing to sell his controlling stake in the club. A club statement said on Wednesday: “The board of Saracens Group Holdings Limited is pleased to announce the completion of the previously announced transaction regarding the refinancing of the group and the acquisition of a controlling stake in the group by Kimono House Limited.

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Written by PA Media
This news first appeared on https://www.theguardian.com/sport/2022/feb/16/saracens-complete-32m-takeover-rugby-union-francois-pienaar-among-investors under the title “Saracens complete £32m takeover with Francois Pienaar among investors”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.