Saracens announce £32M takeover by consortium of investors

Saracens have announced a that the £32m takeover by a consortium Kimono House Ltd has been completed.

The takeover was announced in October, but has today been confirmed.

The consortium includes former South African World Cup winning captain Francois Pienaar. Pienaar, who led the Springboks to victory at the 1995 World Cup, made 44 appearances as a player-coach for Saracens.

Marco V. Masotti, the owner of South Africa's Sharks rugby team, is also part of the six-person consortium.

Other investors include Dominic Silvester, Neil Golding, Nick Leslau and Paul O'Shea.

Kimono House Limited has bought a “controlling stake” in the group which owns the club and their home StoneX Stadium. Saracens Mavericks netball team is also part of the group.

Nigel Wray, the club's owner for 26 years, retains “a significant minority shareholding”.