Saracens taken over by £32m investment consortium

The £32m take over of Gallagher Premiership club Saracens has been completed by a consortium that includes South African World Cup-winning former captain Francois Pienaar.

Kimono House Limited has brought the controlling stake in the group that owns the club and the Stonex Stadium.

"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," read a statement from the club.

"This follows the receipt of the various approvals required (including from the RFU, PRL and the London Borough of Barnet).

"The group includes Saracens Rugby Club, Saracens Mavericks Limited (the owner of the Saracens Mavericks netball team), and Saracens Copthall LLP (the owner of the StoneX Stadium).

"Kimono House is owned by a consortium of investors including Dominic Silvester, Neil Golding, Nick Leslau, Paul O'Shea, Francois Pienaar and Marco Masotti."

The takeover was announced in October with club chairman Nigel Wray agreeing to sell his controlling stake in the club.

Saracens faced a relegation at the end of the 2019/20 season for a series of salary cap breaches but managed to return back to the top tier in the 2021/22 season after winning the Championship in the previous season.

They are now at the second place in the table with 10 wins from 15 games and will face London Irish in the next round at Brentford Community Stadium on 19th February.