NIGEL Wray broke no rules when he bought a substantial stake in Owen A Farrell Limited, a leading sports lawyer has told Blindside.
Wray’s Cyprus-registered Euroblue Investments now owns a large slice of the England captain’s image rights firm, which saw cash reserves raise from £1m to £1.4m.
The timing will raise a few eyebrows as Saracens were being docked 35 points and fined £5.4m around the same time for breaking salary cap rules.
Euroblue Investments’ deal to buy their shares was approved by the Premiership’s salary cap manager because Farrell as a marquee player, falls outside the c...