Trust update on bid for Reds postponed

Reporter:

Phil Robinson

WREXHAM Supporters' Trust (WST) has announced it will not be going ahead with the press conference planned for today to give an update on its current bid to buy the club.

A statement from the Trust said: "Discussions to acquire Wrexham FC, the Racecourse and Colliers’ Park are ongoing and will continue into next week due to the complexity of the deal and the demonstrable need to get the deal right once and for all.

"We ask all supporters to remain calm and patient and provide both parties with the breathing space to complete the negotiations.

"With that in mind we do not propose to go ahead with the planned press conference, but will set a revised date once the talks are concluded."

A Trust spokesman said: "The press conference will probably now be held some time next week."

Meanwhile, the chairman of WST has sent out a plea to fans and the whole town: back us in our bid to buy the club.

Richard Owen said: “Our lawyers are talking to the owners about terms but it’s too early to say when a deal will be signed.

“We are hoping for a lot of goodwill, from the fans, the community and local businesses.

“We realise our destiny will be in our own hands and the hands of the supporters.

“I would ask everyone to get behind us and back us.”

Dean Saunders

YESTERDAY'S statement said members of the Trust board held a “very positive” meeting with Dean Saunders.

Discussions centred on the budget for next season, the signing of players and the stabilisation of the club.

The statement said: “The Trust is pleased to confirm it plans to honour the budget commitments already made to Dean Saunders to enable him to continue with his pre-season preparation.

“The board does not intend to get involved in signing players going forward as long as they are within the agreed budget.

“This will enable Dean to get on with the day-to-day running of the club without interference from the board.”

The statement included a comment from Dean Saunders in which he said he was “confident the club is in good hands”.

He continued: “I am certain they can rally all fans to pull together, for the good of the club.

“It has been a difficult time, however, I am confident the future is bright.”

The Trust statement said both parties are keen to stabilise the club’s finances as soon as possible “to enable Dean to get on with the job of managing the team and returning us to the Football League”.

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