Saracens have agreed a £32m takeover deal that will see a consortium of investors acquire a majority controlling stake in the club.
The consortium includes South African World Cup-winning captain and former Saracens player Francois Pienaar.
Nigel Wray, the club's owner for 26 years, retains "a significant minority shareholding, albeit a passive one".
Chairman Neil Golding remains in his role, as does chief executive Lucy Wray.
More to follow.
