Stade Francais not to be relegated.

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Updated: June 30, 2011

Two time Heineken Cup Champions and a giant of French rugby Stade Francais have been spared relagation from the Top 14 after been saved by Thomas Savare, the director general of technology company Oberthur.

Stade, who had mounting financial problems over the last couple of months were on the verge of losing their top flight status until Savare came in at the last minute to save the club. In a statment on the Top 14 website the news was confirmed “‘The supreme council of the DNACG observed at the meeting on Monday, June 27, the terms of the reorganisation of Stade Francais Paris and the guarantees provided for the upcoming season through the contributions made by the new investors.

‘In view of these, the supreme council believes there is no reason to prevent the club from participating in the Top 14, provided that that all legal procedures related to payments and commitments are achieved within a period of 48 hours.’

According to French paper L’Equipe Savare will become the new president and former president Max Guazzini will become honorary president.

Speaking to reporters last night Savare said “We struggled. This was born out of adversity but we are very happy.

‘We saved a great club. This is a private investment of passion because I am a supporter. We will continue the tradition. I told Max that I needed him to rebuild, to continue the work he has done.

‘It was not possible for Stade Francais to disappear. This is a wonderful adventure.’

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