Supporters' Trust unveils details of Wrexham FC bid

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Wrexham Supporters’ Trust has revealed more details of its plan for a community-based takeover of the town’s football club.

The plan has won the backing of Wrexham MP Ian Lucas, who says the takeover would be in the best interests of the town.

An open meeting with fans is now due to be held next week to discuss the bid.

Boosted by the response of supporters and the Wrexham community to the ‘Million Reasons’ campaign, Wrexham Supporters’ Trust has outlined further details of its ‘roadmap’ plan which would give majority ownership of the club and its assets back to the community.

The WST has already received indicative offers totalling more than £200,000 for the bid to acquire Wrexham FC, the Racecourse Ground and the training ground at Colliers Park, Gresford.

In a statement issued yesterday, the Trust outlined its vision for the Reds. It includes:

l Acquisition of Wrexham Football Club subject to membership approval.
l Securing the finances of the football club for the 2011/12 season.
l Investing the WST’s substantial funds for football club working capital.
l The imminent launch of a community share scheme.
l Finalisation of a detailed business plan to manage the budget for 2011/12.
l Approaching local business to discuss investment.
l Asset-lock the Racecourse Ground for the future by placing it into a community interest company (CIC) in partnership with other community minded partners.
l Aim to generate revenue through maximising the assets of Wrexham FC and leveraging the goodwill in the community to return Wrexham FC to a financially viable business.
l Use the community-based ownership model to attract investment in order to return the Racecourse to an international standard venue.
l Give everyone who loves Wrexham FC an opportunity to be actively involved in shaping the future of the club

The meeting will be held on Tuesday, May 17, in the William Aston Hall at Glyndwr University starting at 7.30pm, and the Trust is urging anyone interested in the future of the football club to go along to hear about the bid.

Trust chairman Richard Owen said: “This season has been full of twists and turns, like no other.

“Whilst we just fell short in our efforts to win promotion back to the Football League, there is a chance to make a long lasting difference off the pitch and the time is right for the community to take on this challenge.

“I urge Wrexham fans and potential investors to turn up in numbers on Tuesday to show your support for our club.”

Wrexham MP Ian Lucas said: “I’m delighted to support the WST’s bid to acquire Wrexham FC and hope the owners take this opportunity to leave a legacy of community ownership for the people of Wrexham.

“I believe this community-led bid is in the best long-term interest of Wrexham as a town.”

During the meeting there will be a variety of speakers who have experience of delivering similar plans, including Kevin Jaquiss of Cobbetts Law, recent winner of the Financial Times innovative Lawyer of the Year; FC United which has raised more than £1.4 million in a community shares scheme; and Chester FC which is on the way back up after supporters took ownership and transformed the club, winning the league and tripling crowds in its first season.

See full story in the Leader

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