Nigel Wray says his intention was to “support players beyond their playing careers”

Saracens owner Nigel Wray has apologised for the “ill-considered approach” to salary cap compliance which led to Saracens’ relegation.

Premiership Rugby (PRL) released the Saracens report on Thursday.

Wray took “full responsibility” for failing to consult the league’s salary cap manager before entering into co-investments with players.

“We should have been far better,” Wray, who stepped down as chairman in January, wrote on the Saracens website.