The board of saracens group holdings limited says they are 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.
The takeover was first announced last October, but was only confirmed on Wednesday.
Kimono House Limited is owned by a consortium of investors including former Springbok Rugby World Cup-winning captain Francois Pienaar and Marco Masotti, the owner of South Africa’s Sharks team.
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, Saracens’ owner for 26 years, has retained “a significant minority shareholding”.