Nigel Wray, who also part-owns Domino’s Pizza, resigns as director of failed housebuilder

The owner of the Saracens rugby club has resigned as a director from failed housebuilder Oakdene Homes following the builder’s move into administration last week.

Nigel Wray joined the board of Oakdene last November having been a long-time major shareholder in the AIM-listed business, at one time owning 15% of the firm. It is not known what his present shareholding in the business is.

Oakdene went into administration last Thursday after failing to secure renewed bank finance for continuing its business. In a brief statement the administrators of Oakdene said Wray resigned immediately upon the business being placed into administration by PricewaterhouseCoopers.

Wray sits on the board of 25 companies, having a large stake in the parent company of Saracens rugby club, as well as a stake in the Domino’s Pizza chain.