Always a Wasp

General Category => Wasps Rugby Discussion => Topic started by: jamestaylor002 on January 02, 2020, 09:46:08 AM

Title: Nigel Wray: Saracens owner retires as club chairman
Post by: jamestaylor002 on January 02, 2020, 09:46:08 AM
Really interesting stuff.

https://www.bbc.co.uk/sport/rugby-union/50972053 (https://www.bbc.co.uk/sport/rugby-union/50972053)
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: NellyWellyWaspy on January 02, 2020, 09:48:47 AM
Mmmmm

Does that mean no more toxic under the counter deals? I have my doubts.
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: jamestaylor002 on January 02, 2020, 09:53:41 AM
My thoughts exactly. I also have my doubts his involvement ends.

EDIT: Now more information has been shared on that BBC link, Wray's statement does say that the Wray family will continue to provide financial support.
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: Vespula Vulgaris on January 02, 2020, 10:13:16 AM
So he still owns it, he's just given the title to someone else?
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: wasps on January 02, 2020, 10:14:52 AM
It feels like smoke and mirrors to me.


If he's no longer involved with the club and isn't chairman, then his co-investments have nothing to do with the rugby club so are nothing to do with the salary cap.


He's now even more free to pay players whatever he wants without it affecting the club salary cap
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: jamestaylor002 on January 02, 2020, 10:15:14 AM
So he still owns it, he's just given the title to someone else?

Yes it still looks that way
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: Raggs on January 02, 2020, 10:22:15 AM
It feels like smoke and mirrors to me.


If he's no longer involved with the club and isn't chairman, then his co-investments have nothing to do with the rugby club so are nothing to do with the salary cap.


He's now even more free to pay players whatever he wants without it affecting the club salary cap

Yes and no, they'd still be viewed as benefits in kind. If he was to do it smartly, he'd keep doing it for sarries players, and do it for a few players from other teams as well.
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: Neils on January 02, 2020, 10:23:31 AM
Absolutely no change. If PRL buys this then they are as corrupt. Strange that this is ahead of the supposed big January Owners meeting.
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: DGP Wasp on January 02, 2020, 10:31:52 AM
So he's not put his stake up for sale, just stood down from his executive position?  Strikes me as a symbolic gesture designed to appease critics, but doesn't appear to change anything.
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: Neils on January 02, 2020, 10:32:46 AM
So he's not put his stake up for sale, just stood down from his executive position?  Strikes me as a symbolic gesture designed to appease critics, but doesn't appear to change anything.

Totally
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: Raggs on January 02, 2020, 10:33:42 AM
If he's the one who's signed the salary cap agreement he'd have been removed anyway. Jumping before he's pushed.
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: westwaleswasp on January 02, 2020, 10:36:47 AM
"without benefactors like him, the professional game would not exist".

And with 3 benefactors exactly like him it won't exist either. That is all it would take to bankrupt the game. Good riddance, but this still smells fishy.


Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: BG on January 02, 2020, 10:42:22 AM
As others have said, in effect nothing has changed apart relinquishing the title of chairman.. if anything, he's now possibly in a better position to pass extra payments to players. He's still the owner and has said he will continue to offer financial support.

If Sarries think its is going to appease the other 12 clubs then I suspect they'll be mistaken.


Things will only change when he sells his shares but who is going to be able  pay what he is possibly now owed (£40m possibly) having bought Remgro out.
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: AKWasp on January 02, 2020, 11:37:03 AM
There’s a hint of jumping before being pushed imo, but in reality nothing has changed and PRL would be stupid to not consider him still part of the club. Believe the salary cap includes interested parties and their payments and Wray would still fit under that umbrella so don’t think this’ll change anything in terms of finding ways to break the cap.
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: mike909 on January 02, 2020, 11:48:02 AM
In the world of politics and politics discussions - this would be classified as a "dead cat" announcement

It looks designed to distract from the issue at hand - and also there is an element of "jump before pushed"

But it does nothing in reality. Until Prem Rugby actually "come clean" and we can see there is at least a reasonably level playing field, I will continue to feel that hard work has been devalued, as have recent Prem titles
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: matelot22 on January 02, 2020, 11:51:02 AM
So he's not put his stake up for sale, just stood down from his executive position?  Strikes me as a symbolic gesture designed to appease critics, but doesn't appear to change anything.

Totally agree, it's just flak diversion tactics.
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: welsh wasp on January 02, 2020, 12:08:35 PM
Who owns the club runs the club. Who would want to be the puppet Chair with Wray pulling their strings.
Why has he done it when nothing has changed in reality.
I suppose he doesn’t have to go the meeting of PRL Chairs!
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: Tervueren on January 02, 2020, 12:45:15 PM
He is still a "connected party" as he owns 5% or more so it does not change whatever dodgy dealing goes on, does not make it easier.

Apart from that I don't suppose if really changes a lot, according to Owen Slot it was something he was considering anyway before the cap business arose.
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: Neils on January 02, 2020, 12:47:48 PM
He is also owed tens of millions unless he publicly writes it off. He ain't going nowhere - just becomes the puppet master.
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: JF on January 02, 2020, 12:52:34 PM
Will they be having a whip-round for a retirement present? There might be a few bob floating around somewhere.
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: Rifleman Harris on January 02, 2020, 01:33:42 PM
5Live had a short piece on him around 12:45ish.  Chris Jones was saying how thankful rugby union fans and the sport generally should be to Wray as he has supported the game in this country.  As a vote of thanks I think we should all turn a blind eye to his cheating and let things slide.

For the record, I cancelled my BT Sport last week citing the cheating in the sport as my reason.  It won't change anything, but I will save some money as I have lost interest in watching on the TV.
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: ricohchezwasp on January 02, 2020, 02:59:37 PM
The king is dead long live the king, replacing Wray with the former salary cap miscreant Ed  griffiths says everything you need to know about the situation 😱😱
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: RogerE on January 02, 2020, 03:05:06 PM
The king is dead long live the king, replacing Wray with the former salary cap miscreant Ed  griffiths says everything you need to know about the situation 😱😱

Couldn't agree more
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: jamestaylor002 on January 02, 2020, 03:29:13 PM
5Live had a short piece on him around 12:45ish.  Chris Jones was saying how thankful rugby union fans and the sport generally should be to Wray as he has supported the game in this country.  As a vote of thanks I think we should all turn a blind eye to his cheating and let things slide.

For the record, I cancelled my BT Sport last week citing the cheating in the sport as my reason.  It won't change anything, but I will save some money as I have lost interest in watching on the TV.

Chris Jones is talking out of his back passage as far as I'm concerned.
I don't blame you for cancelling your subscription and whilst you may think that citing the cheating won't change anything, it's better doing that than doing nothing.
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: Rifleman Harris on January 02, 2020, 04:51:48 PM
About half an hour ago they (5live) interviewed the reporter who investigated all this.  She confirmed that all this was to do with the investments.

Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: BG on January 02, 2020, 05:58:27 PM
Laura Lambert - I wonder if she's been allowed to read the PRL report?

I know she discovered all the shared LTD companies but is that actually what Sarries were pinged for or was it something else.

I wonder if someone tipped her off?
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: Shugs on January 02, 2020, 06:08:49 PM
On the face of it absolutely nothing changes in the substance of it. In my opinion there will be something in this which seeks to negate further cap punishments. There can be as much title changing and smoke and mirrors as you like but until the fundamental make up of their squad changes none of it has any credibility.
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: Neils on January 02, 2020, 06:25:11 PM
Laura Lambert - I wonder if she's been allowed to read the PRL report?

I know she discovered all the shared LTD companies but is that actually what Sarries were pinged for or was it something else.

I wonder if someone tipped her off?

She also recently said there was more to come out!
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: mike909 on January 02, 2020, 06:51:12 PM
Laura Lambert - I wonder if she's been allowed to read the PRL report?

I know she discovered all the shared LTD companies but is that actually what Sarries were pinged for or was it something else.

I wonder if someone tipped her off?

She also recently said there was more to come out!

It wouldn't exactly be a surprise - given the number of caps they can put out is so high - you'd expect there would be a need to pay.. a lot...
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: Vespula Vulgaris on January 02, 2020, 07:08:40 PM
Laura Lambert - I wonder if she's been allowed to read the PRL report?

I know she discovered all the shared LTD companies but is that actually what Sarries were pinged for or was it something else.

I wonder if someone tipped her off?

She also recently said there was more to come out!

I'd heard that too, from two completely unconnected sources who you'd expect to know.
Title: Re: Nigel Wray: Saracens owner retires as club chairman
Post by: mike909 on January 02, 2020, 07:18:57 PM
Given the total lack of contrition from the Sarries supporters I know online - I'd be delighted if there was more to come out

Some of those supporters think he's done the sport a favour....